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Sumitomo Mitsui Trust Group increased its stake in PPL Corporation, which beat earnings estimates.
Sumitomo Mitsui Trust Group Inc. increased its holdings in PPL Corporation by 2.3% in the first quarter, owning 1,659,576 shares worth $59.9 million.
PPL reported a $0.60 earnings per share, beating estimates by $0.07, and has a market cap of $25.04 billion.
The company's stock, with a moderate buy rating and $36.80 target price, pays a quarterly dividend of $0.2725 per share.
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Sumitomo Mitsui Trust Group aumentó su participación en PPL Corporation, lo que superó las estimaciones de ganancias.