Catawba Capital Management Va Exits Position in PPL Corp (PPL)

PPL Corp (PPL) : Catawba Capital Management Va has sold out all of its stake in PPL Corp during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 5,555 shares of PPL Corp which is valued at $179,149.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in PPL in the latest quarter, The investment management firm added 20,543 additional shares and now holds a total of 32,929 shares of PPL Corp which is valued at $1,061,960. PPL Corp makes up approx 0.20% of Advisory Services Network’s portfolio.Mcqueen Ball Associates boosted its stake in PPL in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 7,334 shares of PPL Corp which is valued at $239,455. PPL Corp makes up approx 0.16% of Mcqueen Ball Associates’s portfolio.Chevy Chase Trust Holdings reduced its stake in PPL by selling 11,774 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 573,872 shares of PPL which is valued at $18,736,921. PPL Corp makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank reduced its stake in PPL by selling 338 shares or 11.64% in the most recent quarter. The Hedge Fund company now holds 2,567 shares of PPL which is valued at $83,813. PPL Corp makes up approx 0.02% of Washington Trust Bank’s portfolio. West Oak Capital added PPL to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $16,325. PPL Corp makes up approx 0.01% of West Oak Capital’s portfolio.

PPL Corp closed down -0.25 points or -0.77% at $32.25 with 80,85,645 shares getting traded on Friday. Post opening the session at $32.53, the shares hit an intraday low of $32.08 and an intraday high of $33.24 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 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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