PPL Corp (PPL) : Gierl Augustine Investment Management Inc scooped up 5,098 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 83,808 shares of PPL Corp which is valued at $3,144,476.PPL Corp makes up approximately 3.31% of Gierl Augustine Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in PPL in the latest quarter, The investment management firm added 4,140 additional shares and now holds a total of 206,798 shares of PPL Corp which is valued at $7,759,061. PPL Corp makes up approx 0.32% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co reduced its stake in PPL by selling 259 shares or 43.17% in the most recent quarter. The Hedge Fund company now holds 341 shares of PPL which is valued at $12,794.Newman Dignan Sheerar reduced its stake in PPL by selling 2,175 shares or 9.91% in the most recent quarter. The Hedge Fund company now holds 19,769 shares of PPL which is valued at $740,547. PPL Corp makes up approx 0.48% of Newman Dignan Sheerar’s portfolio.Curbstone Financial Management Corp reduced its stake in PPL by selling 200 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 17,972 shares of PPL which is valued at $673,231. PPL Corp makes up approx 0.22% of Curbstone Financial Management Corp’s portfolio.
PPL Corp opened for trading at $37.24 and hit $37.435 on the upside on Monday, eventually ending the session at $37.32, with a gain of 0.46% or 0.17 points. The heightened volatility saw the trading volume jump to 34,56,761 shares. Company has a market cap of $25,264 M.
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. PPL Corp was Downgraded by Jefferies to ” Hold” on Jul 14, 2016. 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 .
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.