Argi Investment Services buys $1,874,171 stake in PPL Corp (PPL)

PPL Corp (PPL) : Argi Investment Services scooped up 4,064 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 51,687 shares of PPL Corp which is valued at $1,874,171.PPL Corp makes up approximately 0.18% of Argi Investment Services’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management reduced its stake in PPL by selling 227,314 shares or 28.96% in the most recent quarter. The Hedge Fund company now holds 557,641 shares of PPL which is valued at $20,298,132. PPL Corp makes up approx 0.32% of Advisors Asset Management’s portfolio.State Treasurer State Of Michigan boosted its stake in PPL in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 235,150 shares of PPL Corp which is valued at $8,724,065. PPL Corp makes up approx 0.07% of State Treasurer State Of Michigan’s portfolio.Commonwealth Financial Services boosted its stake in PPL in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 347 shares of PPL Corp which is valued at $13,082. PPL Corp makes up approx 0.02% of Commonwealth Financial Services’s portfolio.

PPL Corp closed down -0.16 points or -0.45% at $35.26 with 34,57,021 shares getting traded on Tuesday. Post opening the session at $35.49, the shares hit an intraday low of $35.255 and an intraday high of $35.755 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 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.

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