United Services Automobile Association buys $66,648,164 stake in PPL Corp (PPL)

PPL Corp (PPL) : United Services Automobile Association scooped up 52,825 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,028,246 shares of PPL Corp which is valued at $66,648,164.PPL Corp makes up approximately 0.23% of United Services Automobile Association’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 91,732 shares of PPL Corp which is valued at $3,014,314. PPL Corp makes up approx 0.09% of Mason Street Advisors’s portfolio. Trexquant Investment Lp sold out all of its stake in PPL during the most recent quarter. The investment firm sold 94,800 shares of PPL which is valued $3,138,828.Old Dominion Capital Management Inc boosted its stake in PPL in the latest quarter, The investment management firm added 627 additional shares and now holds a total of 7,579 shares of PPL Corp which is valued at $257,838. PPL Corp makes up approx 0.31% of Old Dominion Capital Management Inc’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in PPL during the most recent quarter. The investment firm sold 324,650 shares of PPL which is valued $11,148,481.

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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