Affinity Investment Advisors buys $23,305,136 stake in PPL Corp (PPL)

PPL Corp (PPL) : Affinity Investment Advisors scooped up 129,669 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 640,251 shares of PPL Corp which is valued at $23,305,136.PPL Corp makes up approximately 1.67% of Affinity Investment Advisors’s portfolio.

Other Hedge Funds, Including , Commerce Bank boosted its stake in PPL in the latest quarter, The investment management firm added 21,025 additional shares and now holds a total of 378,657 shares of PPL Corp which is valued at $13,783,115. PPL Corp makes up approx 0.21% of Commerce Bank’s portfolio.Blair William Coil reduced its stake in PPL by selling 2,726 shares or 23.77% in the most recent quarter. The Hedge Fund company now holds 8,744 shares of PPL which is valued at $318,282.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in PPL by selling 1,959 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 145,317 shares of PPL which is valued at $5,391,261. PPL Corp makes up approx 0.07% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

PPL Corp opened for trading at $34.93 and hit $35.47 on the upside on Wednesday, eventually ending the session at $35.37, with a gain of 1.14% or 0.4 points. The heightened volatility saw the trading volume jump to 65,65,002 shares. Company has a market cap of $23,984 M.

On the company’s financial health, PPL Corp reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.53. The company had revenue of $1785.00 million for the quarter, compared to analysts expectations of $1837.80 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on PPL Corp. PPL Corp was Downgraded by Guggenheim to ” Neutral” on Aug 10, 2016. PPL Corp was Downgraded by Jefferies to ” Hold” on Jul 14, 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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