Butensky Cohen Financial Security Inc Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Butensky Cohen Financial Security Inc reduced its stake in PPL Corp by 8.65% during the most recent quarter end. The investment management company now holds a total of 55,467 shares of PPL Corp which is valued at $2,053,388 after selling 5,255 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.PPL Corp makes up approximately 2.00% of Butensky Cohen Financial Security Inc’s portfolio.

Other Hedge Funds, Including , Blb&b Advisors reduced its stake in PPL by selling 1,178 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 177,125 shares of PPL which is valued at $6,544,769. PPL Corp makes up approx 1.20% of Blb&b Advisors’s portfolio.North Star Investment Management Corp. boosted its stake in PPL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 403 shares of PPL Corp which is valued at $15,121.Raymond James Trust N.a. boosted its stake in PPL in the latest quarter, The investment management firm added 2,048 additional shares and now holds a total of 49,098 shares of PPL Corp which is valued at $1,839,211. PPL Corp makes up approx 0.15% of Raymond James Trust N.a.’s portfolio.

PPL Corp opened for trading at $37.22 and hit $37.73 on the upside on Friday, eventually ending the session at $37.71, with a gain of 1.26% or 0.47 points. The heightened volatility saw the trading volume jump to 36,44,675 shares. Company has a market cap of $25,528 M.

On the company’s financial health, PPL Corp reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2011.00 million for the quarter, compared to analysts expectations of $2260.61 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on PPL Corp. 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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