United Asset Strategies Lowers stake in PPL Corp (PPL)

PPL Corp (PPL) : United Asset Strategies reduced its stake in PPL Corp by 23.3% during the most recent quarter end. The investment management company now holds a total of 147,038 shares of PPL Corp which is valued at $5,455,110 after selling 44,673 shares in PPL Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PPL Corp makes up approximately 1.97% of United Asset Strategies’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in PPL by selling 5,604 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 71,625 shares of PPL which is valued at $2,657,288. PPL Corp makes up approx 0.11% of Boston Private Wealth’s portfolio. Reinhart Partners sold out all of its stake in PPL during the most recent quarter. The investment firm sold 392,678 shares of PPL which is valued $14,803,961.Rockefeller Financial Services Inc reduced its stake in PPL by selling 1,216 shares or 70.17% in the most recent quarter. The Hedge Fund company now holds 517 shares of PPL which is valued at $19,491.Pure Financial Advisors boosted its stake in PPL in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 7,221 shares of PPL Corp which is valued at $270,932. PPL Corp makes up approx 0.09% of Pure Financial Advisors’s portfolio.Curbstone Financial Management Corp reduced its stake in PPL by selling 200 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 17,972 shares of PPL which is valued at $673,231. PPL Corp makes up approx 0.22% of Curbstone Financial Management Corp’s portfolio.

PPL Corp closed down -0.14 points or -0.38% at $36.96 with 30,35,883 shares getting traded on Thursday. Post opening the session at $37.17, the shares hit an intraday low of $36.86 and an intraday high of $37.26 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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