Churchill Management Corp buys $17,829,462 stake in PPL Corp (PPL)

PPL Corp (PPL) : Churchill Management Corp scooped up 35,959 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 475,960 shares of PPL Corp which is valued at $17,829,462.PPL Corp makes up approximately 1.15% of Churchill Management Corp’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in PPL in the latest quarter, The investment management firm added 2,870 additional shares and now holds a total of 308,281 shares of PPL Corp which is valued at $11,548,206. PPL Corp makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio. Curian Capital added PPL to its portfolio by purchasing 50,023 company shares during the most recent quarter which is valued at $1,873,862. PPL Corp makes up approx 0.13% of Curian Capital’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in PPL by selling 1,282 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 24,653 shares of PPL which is valued at $923,501. PPL Corp makes up approx 0.28% of First National Bank Trust Co Of Newtown’s portfolio.

PPL Corp opened for trading at $37.49 and hit $37.56 on the upside on Wednesday, eventually ending the session at $37.52, with a gain of 0.59% or 0.22 points. The heightened volatility saw the trading volume jump to 41,66,820 shares. Company has a market cap of $25,399 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.

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