Country Club Trust Company N.a. buys $6,294,633 stake in PPL Corp (PPL)

PPL Corp (PPL) : Country Club Trust Company N.a. scooped up 1,594 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 191,210 shares of PPL Corp which is valued at $6,294,633.PPL Corp makes up approximately 0.91% of Country Club Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in PPL by selling 200 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 23,011 shares of PPL which is valued at $757,522. PPL Corp makes up approx 0.09% of Charter Trust Co’s portfolio.Community Bank N.a. reduced its stake in PPL by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 10,378 shares of PPL which is valued at $342,474. PPL Corp makes up approx 0.08% of Community Bank N.a.’s portfolio.Nisa Investment Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 8,530 additional shares and now holds a total of 477,815 shares of PPL Corp which is valued at $15,380,865. PPL Corp makes up approx 0.20% of Nisa Investment Advisors’s portfolio.Cullinan Associates Inc boosted its stake in PPL in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 99,620 shares of PPL Corp which is valued at $3,252,593. PPL Corp makes up approx 0.28% of Cullinan Associates Inc’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 -0.08 points or -0.24% at $32.92 with 56,91,635 shares getting traded on Friday. Post opening the session at $32.96, the shares hit an intraday low of $32.8 and an intraday high of $33.17 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 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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