PPL Corp (PPL) : Wheatland Advisors Inc reduced its stake in PPL Corp by 3.48% during the most recent quarter end. The investment management company now holds a total of 62,734 shares of PPL Corp which is valued at $2,327,431 after selling 2,260 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PPL Corp makes up approximately 1.22% of Wheatland Advisors Inc’s portfolio.
Other Hedge Funds, Including , Anchor Capital Advisors reduced its stake in PPL by selling 92,470 shares or 38.34% in the most recent quarter. The Hedge Fund company now holds 148,705 shares of PPL which is valued at $5,516,956. PPL Corp makes up approx 0.14% of Anchor Capital Advisors’s portfolio. Jnba Financial Advisors added PPL to its portfolio by purchasing 84 company shares during the most recent quarter which is valued at $3,167.Willingdon Wealth Management reduced its stake in PPL by selling 3,725 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 44,460 shares of PPL which is valued at $1,676,142. PPL Corp makes up approx 0.83% of Willingdon Wealth Management’s portfolio. Cypress Asset Management Inctx added PPL to its portfolio by purchasing 49,625 company shares during the most recent quarter which is valued at $1,833,644. PPL Corp makes up approx 0.36% of Cypress Asset Management Inctx’s portfolio.
PPL Corp closed down -0.14 points or -0.38% at $36.96 with 30,35,883 shares getting traded on Thursday. Post opening the session at $37.17, the shares hit an intraday low of $36.86 and an intraday high of $37.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.