Banced Corp buys $797,636 stake in PPL Corp (PPL)

PPL Corp (PPL) : Banced Corp scooped up 5,385 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 24,779 shares of PPL Corp which is valued at $797,636.PPL Corp makes up approximately 1.58% of Banced Corp’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in PPL by selling 47,648 shares or 15.46% in the most recent quarter. The Hedge Fund company now holds 260,633 shares of PPL which is valued at $8,389,776. PPL Corp makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio. Catawba Capital Management Va sold out all of its stake in PPL during the most recent quarter. The investment firm sold 5,555 shares of PPL which is valued $179,149.Eqis Capital Management reduced its stake in PPL by selling 60 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 15,872 shares of PPL which is valued at $518,221. PPL Corp makes up approx 0.03% of Eqis Capital Management’s portfolio.Lau Associates reduced its stake in PPL by selling 575 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 50,473 shares of PPL which is valued at $1,647,943. PPL Corp makes up approx 1.68% of Lau Associates’s portfolio.

PPL Corp closed down -0.32 points or -0.98% at $32.19 with 43,39,836 shares getting traded on Tuesday. Post opening the session at $32.46, the shares hit an intraday low of $32.115 and an intraday high of $32.595 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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