Ppl Corp (PPL) Files Form 4 Insider Selling : Joseph P Jr Bergstein Sells 1,581 Shares

Ppl Corp (PPL): Joseph P Jr Bergstein , VP-IR and Treasurer of Ppl Corp sold 1,581 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $37.06 per share for a total value of $58,591.86 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 20, 2016, Gregory N Dudkin (President of a PPL Subsidiary) sold 34,102 shares at $38.84 per share price.On Feb 4, 2016, William H Spence (Chairman, President and CEO) sold 63,445 shares at $37.00 per share price.Also, On Jan 27, 2016, Joanne H Raphael (SVP, GC & Corp Sec) sold 6,068 shares at $33.91 per share price.On Jan 27, 2016, Victor A Staffieri (President of a PPL Subsidiary) sold 16,907 shares at $34.08 per share price.

PPL Corp: On Monday, Jul 11, 2016 heightened volatility was witnessed in PPL Corp which led to swings in the share price. The shares opened for trading at $37.35 and hit $37.665 on the upside , 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. The 52-week high of the share price is $39.92 and the company has a market cap of $25,480 M . The 52-week low of the share price is at $29.1762.

PPL Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.PPL Corp is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $39 .The Rating was issued on Apr 22, 2016.

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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