Deane Retirement Strategies buys $3,411,093 stake in PPL Corp (PPL)

PPL Corp (PPL) : Deane Retirement Strategies scooped up 49,477 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 93,429 shares of PPL Corp which is valued at $3,411,093.PPL Corp makes up approximately 3.20% of Deane Retirement Strategies’s portfolio.

PPL Corp opened for trading at $36.27 and hit $36.58 on the upside on Friday, eventually ending the session at $36.51, with a gain of 0.66% or 0.24 points. The heightened volatility saw the trading volume jump to 28,63,105 shares. Company has a market cap of $24,651 M.

Other Hedge Funds, Including , Blb&b Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 1,395 additional shares and now holds a total of 178,303 shares of PPL Corp which is valued at $6,509,843. PPL Corp makes up approx 1.29% of Blb&b Advisors’s portfolio.Proficio Capital Partners reduced its stake in PPL by selling 145 shares or 52.35% in the most recent quarter. The Hedge Fund company now holds 132 shares of PPL which is valued at $4,909.Eqis Capital Management reduced its stake in PPL by selling 4,368 shares or 22.54% in the most recent quarter. The Hedge Fund company now holds 15,008 shares of PPL which is valued at $558,148. PPL Corp makes up approx 0.04% of Eqis Capital Management’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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