Wheatland Advisors Inc Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Wheatland Advisors Inc reduced its stake in PPL Corp by 1.07% during the most recent quarter end. The investment management company now holds a total of 64,994 shares of PPL Corp which is valued at $2.5 Million after selling 700 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.PPL Corp makes up approximately 1.36% of Wheatland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Advisor Partners boosted its stake in PPL in the latest quarter, The investment management firm added 816 additional shares and now holds a total of 7,894 shares of PPL Corp which is valued at $306,998. PPL Corp makes up approx 0.11% of Advisor Partners’s portfolio.Lsv Asset Management reduced its stake in PPL by selling 91,300 shares or 8.77% in the most recent quarter. The Hedge Fund company now holds 949,700 shares of PPL which is valued at $36.9 Million. PPL Corp makes up approx 0.08% of Lsv Asset Management’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in PPL by selling 225,000 shares or 11.84% in the most recent quarter. The Hedge Fund company now holds 1,675,000 shares of PPL which is valued at $63 Million. PPL Corp makes up approx 0.28% of State Of New Jersey Common Pension Fund D’s portfolio.Ohio National Investments boosted its stake in PPL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 15,100 shares of PPL Corp which is valued at $568,364. PPL Corp makes up approx 0.10% of Ohio National Investments’s portfolio.

PPL Corp closed down -0.08 points or -0.21% at $38.81 with 50,12,549 shares getting traded on Monday. Post opening the session at $38.75, the shares hit an intraday low of $38.53 and an intraday high of $38.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PPL Corp reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2011.00 million for the quarter, compared to analysts expectations of $2260.61 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 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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