What Could Be Propelling PPL Corp to Decrease?

 What Could Be Propelling PPL Corp to Decrease?

In today’s session PPL Corp (PPL) recorded an unusually high (223) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PPL decrease. With 223 contracts traded and 22394 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PPL170120P00032000 closed last at: $0.95 or 0% . About 479,437 shares traded hands. PPL Corp (NYSE:PPL) has declined 10.01% since April 20, 2016 and is downtrending. It has underperformed by 14.57% the S&P500.

PPL Corp (NYSE:PPL) Ratings Coverage

Out of 9 analysts covering PPL Corporation (NYSE:PPL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. PPL Corporation has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Jefferies downgraded the stock to “Hold” rating in Thursday, July 14 report. The rating was maintained by Barclays Capital with “Equalweight” on Monday, July 18. The rating was downgraded by Deutsche Bank to “Hold” on Friday, February 5. The stock of PPL Corp (NYSE:PPL) earned “Equal-Weight” rating by Barclays Capital on Monday, June 27. On Monday, February 8 the stock rating was downgraded by Evercore to “Hold”. UBS upgraded the stock to “Buy” rating in Friday, September 18 report. The firm has “Neutral” rating given on Monday, October 19 by Goldman Sachs. The rating was maintained by Argus Research on Thursday, December 31 with “Buy”. Wolfe Research upgraded the stock to “Outperform” rating in Wednesday, September 14 report. The rating was downgraded by Guggenheim on Wednesday, August 10 to “Neutral”.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.31, from 1.32 in 2016Q1. The ratio is negative, as 38 funds sold all PPL Corp shares owned while 217 reduced positions. 66 funds bought stakes while 271 increased positions. They now own 459.35 million shares or 3.64% less from 476.71 million shares in 2016Q1.
Beacon accumulated 0.25% or 37,731 shares. Aimz Llc has invested 0.62% of its portfolio in PPL Corp (NYSE:PPL). Moreover, Advisor Prtnrs Limited Liability has 0.11% invested in PPL Corp (NYSE:PPL) for 8,482 shares. Cortland Advisers Lc owns 1.23 million shares or 1.63% of their US portfolio. Nordea Inv Management Ab has invested 1.05% of its portfolio in PPL Corp (NYSE:PPL). Hanson & Doremus Inv, a Vermont-based fund reported 306 shares. Janus Cap Management Limited Liability Corporation holds 3.63M shares or 0.12% of its portfolio. Essex Financial Incorporated has 6,526 shares for 0.06% of their US portfolio. Millennium Management Limited Liability Com has invested 0.08% of its portfolio in PPL Corp (NYSE:PPL). Butensky Cohen Financial Security has 2.05% invested in the company for 55,467 shares. Supplemental Annuity Collective Tru Of Nj last reported 0.32% of its portfolio in the stock. Ferguson Wellman Cap Mngmt holds 6,119 shares or 0.01% of its portfolio. The California-based Lpl Fin Limited Liability Co has invested 0.01% in PPL Corp (NYSE:PPL). National Planning last reported 28,692 shares in the company. Teacher Retirement Sys Of Texas has invested 0.01% of its portfolio in PPL Corp (NYSE:PPL).

PPL Corporation is a utility holding company. The company has a market cap of $22.96 billion. 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. It has a 12.26 P/E ratio. It operates through three divisions: U.K.

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.

More important recent PPL Corp (NYSE:PPL) news were published by: Zacks.com which released: “PPL Corp (PPL) Beats on Q3 Earnings, Misses on Revenues” on November 01, 2016, also Zacks.com published article titled: “Should You Sell PPL Corp. (PPL) Before Earnings?”, Zacks.com published: “PPL Corp (PPL) Q3 Earnings: What’s in Store for the Stock?” on October 26, 2016. More interesting news about PPL Corp (NYSE:PPL) was released by: Prnewswire.com and their article: “Electric Utilities Stocks Under Scanner — Southern, AES Corp., PPL Corp., and …” with publication date: October 28, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment