PPL Corp (PPL) : Aviance Capital Management scooped up 123,923 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 466,016 shares of PPL Corp which is valued at $17,251,912.PPL Corp makes up approximately 0.51% of Aviance Capital Management’s portfolio.
Other Hedge Funds, Including , Hl Financial Services boosted its stake in PPL in the latest quarter, The investment management firm added 5,293 additional shares and now holds a total of 40,807 shares of PPL Corp which is valued at $1,510,675. PPL Corp makes up approx 0.03% of Hl Financial Services’s portfolio.Newsquare Capital reduced its stake in PPL by selling 244 shares or 29.83% in the most recent quarter. The Hedge Fund company now holds 574 shares of PPL which is valued at $21,249. PPL Corp makes up approx 0.01% of Newsquare Capital’s portfolio.Commonwealth Financial Services boosted its stake in PPL in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 347 shares of PPL Corp which is valued at $13,082. PPL Corp makes up approx 0.02% of Commonwealth Financial Services’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.Hexavest boosted its stake in PPL in the latest quarter, The investment management firm added 631,569 additional shares and now holds a total of 1,016,126 shares of PPL Corp which is valued at $37,921,822. PPL Corp makes up approx 0.56% of Hexavest’s portfolio.
PPL Corp opened for trading at $37.22 and hit $37.73 on the upside on Friday, eventually ending the session at $37.71, with a gain of 1.26% or 0.47 points. The heightened volatility saw the trading volume jump to 36,44,675 shares. Company has a market cap of $25,528 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.
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.