Mycio Wealth Partners Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Mycio Wealth Partners reduced its stake in PPL Corp by 15.55% during the most recent quarter end. The investment management company now holds a total of 108,594 shares of PPL Corp which is valued at $3,937,618 after selling 20,000 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.PPL Corp makes up approximately 0.66% of Mycio Wealth Partners’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in PPL in the latest quarter, The investment management firm added 79,335 additional shares and now holds a total of 186,771 shares of PPL Corp which is valued at $6,772,316. PPL Corp makes up approx 0.03% of Credit Agricole S A’s portfolio.First Niagara Bank boosted its stake in PPL in the latest quarter, The investment management firm added 379 additional shares and now holds a total of 9,590 shares of PPL Corp which is valued at $355,022. PPL Corp makes up approx 0.10% of First Niagara Bank’s portfolio. Mizuho Securities Usa sold out all of its stake in PPL during the most recent quarter. The investment firm sold 58,200 shares of PPL which is valued $2,194,140.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 -0.43 points or -1.21% at $35.15 with 40,16,688 shares getting traded on Friday. Post opening the session at $35.38, the shares hit an intraday low of $34.95 and an intraday high of $35.471 and the price fluctuated in this range throughout the day.Shares ended Friday 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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