Exane Derivatives Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Exane Derivatives reduced its stake in PPL Corp by 15.06% during the most recent quarter end. The investment management company now holds a total of 65,402 shares of PPL Corp which is valued at $2,426,414 after selling 11,598 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.PPL Corp makes up approximately 0.40% of Exane Derivatives’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… added PPL to its portfolio by purchasing 155,400 company shares during the most recent quarter which is valued at $5,765,340. PPL Corp makes up approx 0.07% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Evercore Wealth Management boosted its stake in PPL in the latest quarter, The investment management firm added 1,132 additional shares and now holds a total of 10,119 shares of PPL Corp which is valued at $375,415. PPL Corp makes up approx 0.02% of Evercore Wealth Management’s portfolio.American Century Companies Inc reduced its stake in PPL by selling 166,367 shares or 10.9% in the most recent quarter. The Hedge Fund company now holds 1,360,179 shares of PPL which is valued at $50,353,827. PPL Corp makes up approx 0.06% of American Century Companies Inc’s portfolio.Butensky Cohen Financial Security Inc reduced its stake in PPL by selling 5,255 shares or 8.65% in the most recent quarter. The Hedge Fund company now holds 55,467 shares of PPL which is valued at $2,053,388. PPL Corp makes up approx 2.00% of Butensky Cohen Financial Security Inc’s portfolio.Mutual Of Omaha Bank Wealth Management boosted its stake in PPL in the latest quarter, The investment management firm added 6,297 additional shares and now holds a total of 40,095 shares of PPL Corp which is valued at $1,504,364. PPL Corp makes up approx 0.49% of Mutual Of Omaha Bank Wealth Management’s portfolio.

PPL Corp closed down -0.12 points or -0.33% at $36.64 with 43,79,141 shares getting traded on Monday. Post opening the session at $36.89, the shares hit an intraday low of $36.61 and an intraday high of $37.0565 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 $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.53. The company had revenue of $1785.00 million for the quarter, compared to analysts expectations of $1837.80 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on PPL Corp. PPL Corp was Downgraded by Guggenheim to ” Neutral” on Aug 10, 2016. PPL Corp was Downgraded by Jefferies to ” Hold” on Jul 14, 2016.

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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