PPL Corp (NYSE:PPL) Chairman Paul W. Thompson sold 7,419 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $31.28, for a total transaction of $232,066.32. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of NYSE PPL traded down $0.24 during midday trading on Wednesday, hitting $30.77. 164,926 shares of the company’s stock traded hands, compared to its average volume of 4,624,552. The firm has a market capitalization of $22.33 billion, a P/E ratio of 13.69, a PEG ratio of 2.56 and a beta of 0.55. PPL Corp has a 1 year low of $25.30 and a 1 year high of $32.46. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69.
Several hedge funds and other institutional investors have recently bought and sold shares of PPL. FMR LLC boosted its position in shares of PPL by 89.2% during the 2nd quarter. FMR LLC now owns 47,276,571 shares of the utilities provider’s stock valued at $1,349,747,000 after acquiring an additional 22,285,268 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PPL by 58.2% in the third quarter. Bank of New York Mellon Corp now owns 17,289,874 shares of the utilities provider’s stock worth $505,902,000 after purchasing an additional 6,361,091 shares during the period. BlackRock Inc. increased its stake in PPL by 5.9% in the fourth quarter. BlackRock Inc. now owns 62,237,939 shares of the utilities provider’s stock worth $1,763,201,000 after purchasing an additional 3,475,992 shares during the period. Janus Henderson Group PLC increased its stake in shares of PPL by 106.1% during the third quarter. Janus Henderson Group PLC now owns 5,081,144 shares of the utilities provider’s stock valued at $148,655,000 after buying an additional 2,615,544 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of PPL by 2,749.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,161,551 shares of the utilities provider’s stock valued at $76,000 after buying an additional 2,085,687 shares during the period. Hedge funds and other institutional investors own 76.08% of the company’s stock.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.
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