Charter Research Investment Group Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Charter Research Investment Group reduced its stake in PPL Corp by 0.44% during the most recent quarter end. The investment management company now holds a total of 56,698 shares of PPL Corp which is valued at $1,863,096 after selling 250 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.PPL Corp makes up approximately 2.23% of Charter Research Investment Group’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership reduced its stake in PPL by selling 3,554,117 shares or 91.2% in the most recent quarter. The Hedge Fund company now holds 343,020 shares of PPL which is valued at $11,271,637. PPL Corp makes up approx 0.04% of Arrowstreet Capital Limited Partnership’s portfolio. Cipher Capital Lp added PPL to its portfolio by purchasing 55,898 company shares during the most recent quarter which is valued at $1,850,783. PPL Corp makes up approx 0.11% of Cipher Capital Lp’s portfolio. Roble Belko Company Inc added PPL to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $6,782.Texas Permanent School Fund reduced its stake in PPL by selling 10,799 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 208,830 shares of PPL which is valued at $7,060,542. PPL Corp makes up approx 0.10% of Texas Permanent School Fund’s portfolio. John G Ullman Associates Inc sold out all of its stake in PPL during the most recent quarter. The investment firm sold 5,500 shares of PPL which is valued $183,480.

PPL Corp opened for trading at $32.89 and hit $33.1 on the upside on Monday, eventually ending the session at $32.84, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 29,01,138 shares. Company has a market cap of $22,319 M.

On the company’s financial health, PPL Corp reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.58. The company had revenue of $1889.00 million for the quarter, compared to analysts expectations of $1968.06 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Investors should note that on Nov 18, 2016, PPL Corp announced a cash dividend of $0.3800. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 3, 2017.

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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