Exxonmobil Investment Management Inc Tx Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : Exxonmobil Investment Management Inc Tx reduced its stake in PPL Corp by 1.19% during the most recent quarter end. The investment management company now holds a total of 173,142 shares of PPL Corp which is valued at $5,583,830 after selling 2,085 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.PPL Corp makes up approximately 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Oliver Luxxe Assets added PPL to its portfolio by purchasing 73,904 company shares during the most recent quarter which is valued at $2,383,404. PPL Corp makes up approx 1.89% of Oliver Luxxe Assets’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PPL by selling 27,395 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 512,507 shares of PPL which is valued at $16,733,354. PPL Corp makes up approx 0.07% of Bnp Paribas Arbitrage Sa’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.Cullinan Associates Inc boosted its stake in PPL in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 99,620 shares of PPL Corp which is valued at $3,252,593. PPL Corp makes up approx 0.28% of Cullinan Associates Inc’s portfolio. Beacon Financial Group added PPL to its portfolio by purchasing 9,400 company shares during the most recent quarter which is valued at $306,910. PPL Corp makes up approx 0.06% of Beacon Financial Group’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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