Charter Trust Co Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Charter Trust Co reduced its stake in PPL Corp by 0.86% during the most recent quarter end. The investment management company now holds a total of 23,011 shares of PPL Corp which is valued at $757,522 after selling 200 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.PPL Corp makes up approximately 0.09% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in PPL in the latest quarter, The investment management firm added 3,270 additional shares and now holds a total of 87,078 shares of PPL Corp which is valued at $2,866,608. PPL Corp makes up approx 2.70% of Gierl Augustine Investment Management Inc’s portfolio.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. 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 -0.08 points or -0.24% at $32.92 with 56,91,635 shares getting traded on Friday. Post opening the session at $32.96, the shares hit an intraday low of $32.8 and an intraday high of $33.17 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 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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