Epoch Investment Partners buys $600,520,389 stake in PPL Corp (PPL)

PPL Corp (PPL) : Epoch Investment Partners scooped up 699,786 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 16,561,511 shares of PPL Corp which is valued at $600,520,389.PPL Corp makes up approximately 2.19% of Epoch Investment Partners’s portfolio.

Other Hedge Funds, Including , Andra Ap-fonden reduced its stake in PPL by selling 16,700 shares or 9.26% in the most recent quarter. The Hedge Fund company now holds 163,700 shares of PPL which is valued at $5,935,762. PPL Corp makes up approx 0.15% of Andra Ap-fonden’s portfolio.Finemark National Bank Trust reduced its stake in PPL by selling 2,079 shares or 16.88% in the most recent quarter. The Hedge Fund company now holds 10,240 shares of PPL which is valued at $372,736. PPL Corp makes up approx 0.04% of Finemark National Bank Trust’s portfolio. Cadence Capital Management sold out all of its stake in PPL during the most recent quarter. The investment firm sold 19,895 shares of PPL which is valued $738,105.Blb&b Advisors reduced its stake in PPL by selling 1,178 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 177,125 shares of PPL which is valued at $6,544,769. PPL Corp makes up approx 1.20% of Blb&b Advisors’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in PPL by selling 560,060 shares or 75.49% in the most recent quarter. The Hedge Fund company now holds 181,884 shares of PPL which is valued at $6,824,288. PPL Corp makes up approx 0.06% of Nn Investment Partners Holdings N.v.’s portfolio.

PPL Corp opened for trading at $34.86 and hit $35.0601 on the upside on Monday, eventually ending the session at $34.98, with a gain of 0.92% or 0.32 points. The heightened volatility saw the trading volume jump to 30,78,991 shares. Company has a market cap of $23,720 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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