Assetmark Inc buys $22,588,093 stake in PPL Corp (PPL)

PPL Corp (PPL) : Assetmark Inc scooped up 36,507 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 620,552 shares of PPL Corp which is valued at $22,588,093.PPL Corp makes up approximately 0.37% of Assetmark Inc’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in PPL by selling 8,939 shares or 15.29% in the most recent quarter. The Hedge Fund company now holds 49,505 shares of PPL which is valued at $1,801,982. PPL Corp makes up approx 0.05% of Oppenheimer Co Inc’s portfolio.Tiaa Cref Trust Co Fsbmo boosted its stake in PPL in the latest quarter, The investment management firm added 978 additional shares and now holds a total of 16,003 shares of PPL Corp which is valued at $603,313. PPL Corp makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.Murphy Capital Management Inc reduced its stake in PPL by selling 898 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 14,925 shares of PPL which is valued at $551,479. PPL Corp makes up approx 0.08% of Murphy Capital Management Inc’s portfolio.Trust Co Of Vermont boosted its stake in PPL in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 1,475 shares of PPL Corp which is valued at $54,501. PPL Corp makes up approx 0.01% of Trust Co Of Vermont’s portfolio.Nisa Investment Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 47,725 additional shares and now holds a total of 469,285 shares of PPL Corp which is valued at $17,513,716. PPL Corp makes up approx 0.23% of Nisa Investment Advisors’s portfolio.

PPL Corp closed down -0.84 points or -2.32% at $35.42 with 53,67,252 shares getting traded on Monday. Post opening the session at $36.26, the shares hit an intraday low of $35.38 and an intraday high of $36.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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