PPL Corp (PPL) : Biltmore Wealth Management reduced its stake in PPL Corp by 0.43% during the most recent quarter end. The investment management company now holds a total of 20,843 shares of PPL Corp which is valued at $782,446 after selling 90 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.PPL Corp makes up approximately 0.66% of Biltmore Wealth Management’s portfolio.
PPL Corp opened for trading at $37.64 and hit $37.79 on the upside on Monday, eventually ending the session at $37.73, with a gain of 0.51% or 0.19 points. The heightened volatility saw the trading volume jump to 25,40,592 shares. Company has a market cap of $25,475 M.
Other Hedge Funds, Including , Neville Rodie Shaw Inc reduced its stake in PPL by selling 300 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 14,700 shares of PPL which is valued at $551,838. PPL Corp makes up approx 0.07% of Neville Rodie Shaw Inc’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in PPL in the latest quarter, The investment management firm added 2,220 additional shares and now holds a total of 54,962 shares of PPL Corp which is valued at $2,063,273. PPL Corp makes up approx 0.40% of Franklin Street Advisors Inc Nc’s portfolio.Denali Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 10,700 shares of PPL Corp which is valued at $401,678. PPL Corp makes up approx 0.09% of Denali Advisors’s portfolio.Trust Co reduced its stake in PPL by selling 295 shares or 17.14% in the most recent quarter. The Hedge Fund company now holds 1,426 shares of PPL which is valued at $53,033. PPL Corp makes up approx 0.02% of Trust Co’s portfolio.
On the company’s financial health, PPL Corp reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.44. The company had revenue of $1780.00 million for the quarter, compared to analysts expectations of $2241.51 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on PPL Corp. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 39 from a previous price target of $41 .
PPL Corporation (PPL) is an energy and 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; generates electricity from power plants in the northeastern northwestern and southeastern United States and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltd’s (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporation’s operations and the Supply segment comprising the activities of PPL Energy Supply LLC’s subsidiaries.