Transamerica Financial Advisors buys $2,643,945 stake in PPL Corp (PPL)

PPL Corp (PPL) : Transamerica Financial Advisors scooped up 7,435 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 72,417 shares of PPL Corp which is valued at $2,643,945.PPL Corp makes up approximately 0.22% of Transamerica Financial Advisors’s portfolio.

PPL Corp opened for trading at $36.62 and hit $37.15 on the upside on Wednesday, eventually ending the session at $36.86, with a gain of 1.10% or 0.4 points. The heightened volatility saw the trading volume jump to 53,12,317 shares. Company has a market cap of $24,888 M.

Other Hedge Funds, Including , Mercer Capital Advisers boosted its stake in PPL in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 9,897 shares of PPL Corp which is valued at $361,339. PPL Corp makes up approx 0.30% of Mercer Capital Advisers’s portfolio.Reilly Financial Advisors reduced its stake in PPL by selling 375 shares or 18.2% in the most recent quarter. The Hedge Fund company now holds 1,685 shares of PPL which is valued at $61,519. PPL Corp makes up approx 0.01% of Reilly Financial Advisors’s portfolio.Central Trust Co boosted its stake in PPL in the latest quarter, The investment management firm added 1,439 additional shares and now holds a total of 6,378 shares of PPL Corp which is valued at $239,430. PPL Corp makes up approx 0.02% of Central Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PPL in the latest quarter, The investment management firm added 13,491 additional shares and now holds a total of 164,068 shares of PPL Corp which is valued at $6,159,113. PPL Corp makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’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 Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $39 .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.

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