Pensionfund Sabic adds PPL Corp (PPL) to its portfolio

PPL Corp (PPL) : Pensionfund Sabic added new position in PPL Corp during the most recent quarter end. The investment management firm now holds 48,000 shares of PPL Corp which is valued at $1.8 Million according to a report filed by the company on Apr 4, 2016 with the SEC.PPL Corp makes up approximately 0.55% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added PPL to its portfolio by purchasing 105,000 company shares during the most recent quarter which is valued at $3.9 Million. PPL Corp makes up approx 0.53% of Pensionfund Dsm Netherlands’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 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 Corp closed down -0.21 points or -0.56% at $37.19 with 21,36,425 shares getting traded on Monday. Post opening the session at $37.34, the shares hit an intraday low of $37.17 and an intraday high of $37.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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