Laurel Wealth Advisors Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Laurel Wealth Advisors reduced its stake in PPL Corp by 1.92% during the most recent quarter end. The investment management company now holds a total of 72,183 shares of PPL Corp which is valued at $2,703,975 after selling 1,414 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.PPL Corp makes up approximately 1.32% of Laurel Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in PPL in the latest quarter, The investment management firm added 230,133 additional shares and now holds a total of 539,902 shares of PPL Corp which is valued at $20,224,729. PPL Corp makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.Stock Yards Bank Trust Co reduced its stake in PPL by selling 322 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 5,423 shares of PPL which is valued at $204,013. PPL Corp makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.Deane Retirement Strategies reduced its stake in PPL by selling 2,240 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 91,189 shares of PPL which is valued at $3,430,530. PPL Corp makes up approx 3.10% of Deane Retirement Strategies’s portfolio.

PPL Corp opened for trading at $37.35 and hit $37.665 on the upside on Monday, eventually ending the session at $37.64, with a gain of 0.48% or 0.18 points. The heightened volatility saw the trading volume jump to 37,70,108 shares. Company has a market cap of $25,480 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 .

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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