BRYN MAWR TRUST Co Buys 24,828 Shares of PPL Corporation (PPL)

BRYN MAWR TRUST Co lifted its stake in PPL Corporation (NYSE:PPL) by 41.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,466 shares of the utilities provider’s stock after purchasing an additional 24,828 shares during the period. BRYN MAWR TRUST Co’s holdings in PPL Corporation were worth $3,266,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PPL. Kistler Tiffany Companies LLC boosted its position in shares of PPL Corporation by 0.4% in the 1st quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 15 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of PPL Corporation by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 243 shares during the last quarter. Focused Wealth Management Inc boosted its position in shares of PPL Corporation by 352.0% in the 1st quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after purchasing an additional 3,400 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of PPL Corporation by 0.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after purchasing an additional 38 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of PPL Corporation by 11.3% in the 1st quarter. Assetmark Inc. now owns 4,933 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

In other PPL Corporation news, insider Vincent Sorgi sold 5,600 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total transaction of $218,400.00. Following the sale, the insider now owns 97 shares of the company’s stock, valued at $3,783. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joanne H. Raphael sold 35,651 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $39.50, for a total transaction of $1,408,214.50. Following the sale, the senior vice president now directly owns 52,450 shares in the company, valued at approximately $2,071,775. The disclosure for this sale can be found here. Insiders have sold 47,163 shares of company stock worth $1,855,864 in the last ninety days. Insiders own 0.40% of the company’s stock.

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Shares of PPL Corporation (NYSE PPL) traded up 0.20% during mid-day trading on Tuesday, reaching $39.19. The company had a trading volume of 436,593 shares. PPL Corporation has a one year low of $32.08 and a one year high of $40.20. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 16.40 and a beta of 0.49. The stock has a 50 day moving average of $39.06 and a 200-day moving average of $38.42.

PPL Corporation (NYSE:PPL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Equities analysts predict that PPL Corporation will post $2.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.58 dividend on an annualized basis and a yield of 4.04%. PPL Corporation’s dividend payout ratio (DPR) is currently 66.11%.

Several research analysts have recently issued reports on PPL shares. Zacks Investment Research lowered PPL Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub lowered PPL Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $43.50 price target (up from $42.00) on shares of PPL Corporation in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, ValuEngine raised PPL Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. PPL Corporation presently has a consensus rating of “Hold” and a consensus target price of $38.94.

About PPL Corporation

PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.

Institutional Ownership by Quarter for PPL Corporation (NYSE:PPL)

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