Epoch Investment Partners Inc increased its stake in Ppl Corp (PPL) by 3.43% based on its latest 2016Q3 regulatory filing with the SEC. Epoch Investment Partners Inc bought 567,257 shares as the company’s stock declined 8.06% while stock markets rallied. The institutional investor held 17.13M shares of the central company at the end of 2016Q3, valued at $592.14 million, up from 16.56 million at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Ppl Corp for a number of months, seems to be bullish on the $22.88B market cap company. The stock closed at $33.94 during the last session. It is down 13.51% since June 7, 2016 and is downtrending. It has underperformed by 20.93% the S&P500.
Epoch Investment Partners Inc, which manages about $43.62B and $26.82 billion US Long portfolio, decreased its stake in B & G Foods Inc New (NYSE:BGS) by 197,137 shares to 811,882 shares, valued at $39.93 million in 2016Q3, according to the filing. It also reduced its holding in F5 Networks Inc (NASDAQ:FFIV) by 881,155 shares in the quarter, leaving it with 1.19M shares, and cut its stake in Du Pont E I De Nemours & Co (NYSE:DD).
Epoch Investment Partners Inc is a New York-based institutional investor with more than $43.62 billion AUM in January, 2015. Epoch Investment Partners Inc is the 100th largest institutional investor in our database. Taken from Epoch Investment Partners latest Adv, the fund reported to have 92 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 1800 clients.
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q3. Its down 0.31, from 1.32 in 2016Q2. The ratio dropped, as 67 funds sold all PPL shares owned while 232 reduced positions. 58 funds bought stakes while 245 increased positions. They now own 457.49 million shares or 0.41% less from 459.35 million shares in 2016Q2. Live Your Vision Ltd Liability Corporation holds 0.04% or 2,390 shares in its portfolio. Bnp Paribas Invest Prtn Sa accumulated 66,810 shares or 0.02% of the stock. Ing Groep Nv accumulated 0.04% or 103,861 shares. M&T Bancorporation Corp last reported 0.11% of its portfolio in the stock. Daiwa Sb Investments Ltd accumulated 140 shares or 0% of the stock. Motco has 0.03% invested in the company for 7,905 shares. Gulf Intl Natl Bank (Uk) Ltd holds 0.12% or 207,988 shares in its portfolio. Tiaa Cref Tru Com Fsb Mo holds 0.01% of its portfolio in PPL Corp (NYSE:PPL) for 18,247 shares. Moreover, Mizuho Tru & Banking Ltd has 0.12% invested in PPL Corp (NYSE:PPL) for 1.14 million shares. Argent reported 12,074 shares or 0.13% of all its holdings. Ontario Teachers Pension Plan Board last reported 0.07% of its portfolio in the stock. Riggs Asset Managment accumulated 0.08% or 4,274 shares. Sumitomo Mitsui Holdings reported 1.98 million shares or 0.11% of all its holdings. Symphony Asset Mgmt Ltd Llc reported 11,911 shares or 0.04% of all its holdings. Dnb Asset As accumulated 0% or 67,930 shares.
More recent PPL Corp (NYSE:PPL) news were published by: Finance.Yahoo.com which released: “Teilinger Capital Ltd. Buys PPL Corp, NextEra Energy Inc, Sells Williams …” on January 06, 2017. Also Seekingalpha.com published the news titled: “PPL Corp. Stretches Across The Pond For Good Dividends” on January 06, 2017. Prnewswire.com‘s news article titled: “PPL Corporation sets 2017 annual meeting date” with publication date: December 19, 2016 was also an interesting one.
According to Zacks Investment Research, “Headquartered in Allentown, Pa., PPL Corporation is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. The company and its 13,000 employees are dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners.”
PPL Corp (NYSE:PPL) Ratings Coverage
Out of 10 analysts covering PPL Corporation (NYSE:PPL), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. PPL Corporation has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Evercore downgraded the stock to “Hold” rating in Monday, February 8 report. Guggenheim downgraded the stock to “Neutral” rating in Wednesday, August 10 report. The rating was upgraded by UBS on Friday, September 18 to “Buy”. The company was upgraded on Friday, October 30 by Deutsche Bank. As per Wednesday, September 14, the company rating was upgraded by Wolfe Research. Goldman Sachs downgraded the shares of PPL in a report on Monday, October 19 to “Neutral” rating. The stock has “Neutral” rating given by Bank of America on Tuesday, November 22. Barclays Capital downgraded PPL Corp (NYSE:PPL) rating on Monday, June 27. Barclays Capital has “Equal-Weight” rating and $42 price target. The stock of PPL Corp (NYSE:PPL) has “Hold” rating given on Wednesday, August 10 by Jefferies. Jefferies downgraded the shares of PPL in a report on Thursday, July 14 to “Hold” rating.
PPL Company Profile
PPL Corporation (PPL), incorporated on March 15, 1994, is a utility holding company. Through its subsidiaries, PPL delivers electricity to clients in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to clients in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through three divisions: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment.
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