Meeder Asset Management INC Boosted Its Ppl Corp (PPL) Stake by $4.09 Million as Stock Price Rose

November 14, 2017 - By Vivian Currie

Investors sentiment increased to 1.17 in Q2 2017. Its up 0.04, from 1.13 in 2017Q1. It is positive, as 39 investors sold PPL shares while 215 reduced holdings. 77 funds opened positions while 221 raised stakes. 475.65 million shares or 0.25% less from 476.86 million shares in 2017Q1 were reported. Fifth Third Commercial Bank invested in 46,610 shares or 0.01% of the stock. Cornerstone Advisors Inc holds 11,000 shares. Natl Bank Of New York Mellon Corporation reported 6.31M shares. Glg Limited Liability Co holds 33,843 shares. Duncker Streett And reported 0.08% stake. Cambridge Inv Advsrs invested 0.07% in PPL Corp (NYSE:PPL). Moreover, Blackrock has 0.1% invested in PPL Corp (NYSE:PPL) for 48.25 million shares. California State Teachers Retirement has 1.27M shares for 0.1% of their portfolio. Riverhead Capital Ltd Liability holds 28,509 shares or 0.05% of its portfolio. 90,046 were accumulated by Fulton National Bank Na. Reilly Financial Ltd Limited Liability Company, California-based fund reported 2,343 shares. State Treasurer State Of Michigan has 224,566 shares for 0.07% of their portfolio. Tradition Capital Mgmt Ltd holds 0.07% or 5,400 shares. Chemical Bank & Trust holds 0.27% or 63,026 shares in its portfolio. Cortland Advisers Limited Com invested in 1.54% or 827,538 shares.

Meeder Asset Management Inc increased its stake in Ppl Corp (PPL) by 4405.69% based on its latest 2017Q2 regulatory filing with the SEC. Meeder Asset Management Inc bought 107,587 shares as the company’s stock rose 8.95% with the market. The institutional investor held 110,029 shares of the central company at the end of 2017Q2, valued at $4.25M, up from 2,442 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Ppl Corp for a number of months, seems to be bullish on the $25.52B market cap company. The stock increased 1.20% or $0.44 on November 14, reaching $37.07. About 2.82M shares traded. PPL Corp (NYSE:PPL) has risen 2.43% since November 14, 2016 and is uptrending. It has underperformed by 14.27% the S&P500.

Meeder Asset Management Inc, which manages about $3.85 billion and $1.05B US Long portfolio, decreased its stake in Progressive Corp/The (NYSE:PGR) by 80,359 shares to 42,668 shares, valued at $1.88 million in 2017Q2, according to the filing. It also reduced its holding in International Business Machines Corp (NYSE:IBM) by 29,190 shares in the quarter, leaving it with 27,889 shares, and cut its stake in Oracle Corp (NYSE:ORCL).

More important recent PPL Corp (NYSE:PPL) news were published by: Investorplace.com which released: “PPL Corp (PPL) a Buy on Robust Quant Score” on October 18, 2017, also Nasdaq.com published article titled: “PPL Corp. (PPL) Beats Q3 Earnings Estimates on New Rates”, Nasdaq.com published: “PPL Corporation (PPL) Beats on Q3 Earnings, Ups Guidance” on November 01, 2017. More interesting news about PPL Corp (NYSE:PPL) was released by: Seekingalpha.com and their article: “PPL Corp.: Don’t Let The Temporary Effects Of A Strong Dollar Deter You” with publication date: October 16, 2017.

PPL Corp (NYSE:PPL) Ratings Coverage

Among 13 analysts covering PPL Corporation (NYSE:PPL), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. PPL Corporation has $43.5000 highest and $31.50 lowest target. $37.90’s average target is 2.24% above currents $37.07 stock price. PPL Corporation had 32 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Sunday, August 20. The company was maintained on Thursday, December 31 by Argus Research. The rating was upgraded by UBS to “Buy” on Friday, September 18. On Wednesday, August 10 the stock rating was downgraded by Guggenheim to “Neutral”. SunTrust initiated PPL Corp (NYSE:PPL) rating on Tuesday, October 10. SunTrust has “Buy” rating and $43.0 target. The stock of PPL Corp (NYSE:PPL) earned “Sell” rating by Goldman Sachs on Tuesday, January 17. The stock of PPL Corp (NYSE:PPL) has “Neutral” rating given on Monday, June 26 by Goldman Sachs. RBC Capital Markets maintained the shares of PPL in report on Sunday, October 29 with “Hold” rating. Wolfe Research upgraded PPL Corp (NYSE:PPL) on Wednesday, September 14 to “Outperform” rating. On Friday, February 5 the stock rating was downgraded by Deutsche Bank to “Hold”.

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