Nordea Investment Management Ab buys $348,591,916 stake in PPL Corp (PPL)

PPL Corp (PPL) : Nordea Investment Management Ab scooped up 1,159,792 additional shares in PPL Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 9,434,152 shares of PPL Corp which is valued at $348,591,916.PPL Corp makes up approximately 0.99% of Nordea Investment Management Ab’s portfolio.

Other Hedge Funds, Including , Tnb Financial added PPL to its portfolio by purchasing 5,876 company shares during the most recent quarter which is valued at $217,118. PPL Corp makes up approx 0.06% of Tnb Financial’s portfolio.Palladium Partners reduced its stake in PPL by selling 500 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 48,328 shares of PPL which is valued at $1,785,720. PPL Corp makes up approx 0.16% of Palladium Partners’s portfolio. Barrett Asset Management sold out all of its stake in PPL during the most recent quarter. The investment firm sold 74 shares of PPL which is valued $2,734.Creative Planning boosted its stake in PPL in the latest quarter, The investment management firm added 5,607 additional shares and now holds a total of 72,247 shares of PPL Corp which is valued at $2,710,707. PPL Corp makes up approx 0.02% of Creative Planning’s portfolio. Loring Wolcott Coolidge Fiduciary Advisors Llpma added PPL to its portfolio by purchasing 824 company shares during the most recent quarter which is valued at $30,916.

PPL Corp closed down -0.22 points or -0.59% at $36.95 with 38,04,404 shares getting traded on Wednesday. Post opening the session at $37.21, the shares hit an intraday low of $36.9 and an intraday high of $37.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Company shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $39 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *