Affinity Investment Advisors buys $19.9 Million stake in PPL Corp (PPL)

PPL Corp (PPL) : Affinity Investment Advisors scooped up 12,604 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 510,582 shares of PPL Corp which is valued at $19.9 Million.PPL Corp makes up approximately 1.77% of Affinity Investment Advisors’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in PPL in the latest quarter, The investment management firm added 222,921 additional shares and now holds a total of 1,839,244 shares of PPL Corp which is valued at $71.5 Million. PPL Corp makes up approx 0.26% of United Services Automobile Association’s portfolio.Capwealth Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 4,860 shares of PPL Corp which is valued at $189,005. PPL Corp makes up approx 0.05% of Capwealth Advisors’s portfolio.Argi Investment Services boosted its stake in PPL in the latest quarter, The investment management firm added 15,585 additional shares and now holds a total of 47,623 shares of PPL Corp which is valued at $1.8 Million. PPL Corp makes up approx 0.19% of Argi Investment Services’s portfolio. Princeton Alpha Management Lp sold out all of its stake in PPL during the most recent quarter. The investment firm sold 55,761 shares of PPL which is valued $2.1 Million.Retirement Systems Of Alabama reduced its stake in PPL by selling 7,574 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 723,500 shares of PPL which is valued at $27.2 Million. PPL Corp makes up approx 0.16% of Retirement Systems Of Alabama’s portfolio.

PPL Corp opened for trading at $38.04 and hit $38.0842 on the upside on Friday, eventually ending the session at $37.96, with a gain of 0.16% or 0.06 points. The heightened volatility saw the trading volume jump to 38,91,283 shares. Company has a market cap of $25,697 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. 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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