PPL Corp (NYSE:PPL).
Omers Administration Corp reports that it increased its ownership in PPL Corp by 40,100 shares in the quarter ending 09/30/2017. Its investment was valued at $3,695,000 an increase of 66.9% as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (PPL). As of quarter end Raymond James & Associates had disposed of a total of 557 shares trimming its holdings by 2.1%. The value of the investment in (PPL) increased from $864,000 to $896,000 a change of $32,000 for the reporting period. As of the end of the quarter Compton Capital Management Inc /RI had sold 3,500 shares trimming its position 11.7%. The value of the investment in PPL went from $1,152,000 to $998,000 a change of 13.4% since the last quarter.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired 4,805 shares growing its stake by 9.5%. The value in dollars increased from $1,962,000 to $2,109,000 increasing 7.5% quarter over quarter.
On October 20, 2017 KeyCorp reiterated a “Hold” rating on the company. SunTrust Banks released research on PPL setting a rating of “Buy”.
August 9 investment analysts at Jefferies Group LLC kept the company rating at “Buy” projecting a price of $43.50.
The company is now down by 0.81% since yesterday’s close of 37.07. PPL Corp currently has a P/E ratio of 16.62 and the market cap is 25.31B. In the last earnings report the EPS was $2.21 with 688.46M shares currently outstanding.
Traders are feeling more bullish lately if you evaluate the fall in short interest. The stock saw a fall in short interest between September 29, 2017 and October 13, 2017 of -7.02%. Short shares decreased from 9,315,783 to 8,662,124 over that period. With short interest at 8,662,124 and short average daily volume at 3,312,479, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.01% as of October 13.