PPL Corporation (NYSE:PPL) Trading Down – Shorts Up 10.69%


Short traders are more bearish of late at least if you consider the motion in short interest. The stock realized a rise in short interest of 10.69% as of the latest report on August 31, 2017. Short shares grew 758,274 over that period. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares is 0.01% as of August 31.

PPL Corporation (NYSE:PPL) has been the object of insider selling activity recently. Joanne H. Raphael, Sr VP reported the sale of 35,651 shares. The shares were sold on August 23rd for an average price of $39.50. The Sr VP now owns $663,561 of the stock per the Form 4 SEC filing. Vincent Sorgi, Sr. Vice President and CFO disclosed the sale of 5,600 shares of (PPL). The shares were purchased at an average price of $39.00. Sorgi now owns $3,785 of the stock according to the SEC filing.

VP-IR and Treasurer Joseph P. Jr Bergstein let go of 2,983 shares at an average price of $39.00 on Thu the 3rd. The VP-IR and Treasurer now owns $124,474 of the stock per an SEC filing yesterday.

Here are a few substantial investment firms who have updated their positions. Exane Derivatives trimmed its stake by selling 16,680 shares a decrease of 45.0% from 03/31/2017 to 06/30/2017. Exane Derivatives now holds 20,365 shares valued at $787,163,000. The value of the position overall is up by 56,775.9%. Perkins Investment Management, LLC added to its holdings by buying 48,854 shares an increase of 6.7% in the quarter. Perkins Investment Management, LLC owns 775,985 shares worth $29,014,000. The total value of its holdings increased 17.2%.

As of the end of the quarter Next Financial Group, Inc had disposed of a total of 4,769 shares trimming its position 88.2%. The value in dollars went from $206,000 to $21,000,000 a change of 10,094.2% for the reporting period. As of quarter end Gwm Advisors LLC had sold 7,313 shares trimming its holdings by 94.8%. The value of the investment in PPL Corporation increased from $292,000 to $13,248,000 increasing 4,437.0% quarter over quarter.

On July 19 the stock rating was upgraded to “Buy” from “Hold” in a report from Jefferies. On June 26 the company was rated “Neutral” in a report from Goldman Sachs which is up from the previous “Sell” rating.

The company is down by 0.24%% since yesterday’s close of 39.22. PPL Corporation recently declared a dividend for shareholders payable on Monday the 2nd of October 2017. The dividend payment will be $0.395 per share for the quarter which is $1.58 annualized. This dividend represents a yield of $4.02. The ex-dividend date will be Thursday September 7th, 2017.

It is currently trading at $39.13 a tad higher than $39.08, the 50 day moving average and which is a tad above the 200 day moving average of $38.44. The 50 day moving average went up by +0.111% and the 200 day average went up $0.69 or +1.785%.

The P/E ratio is 16.377 and market capitalization is 26.83B. In the latest earnings report the EPS was $2.39 and is expected to be $2.16 for the current year with 685,855,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.45 and the next full year EPS is projected to be $2.33.

PPL Corporation (PPL), launched on March 15, 1994, 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. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment..