Aviance Capital Management LLC Decreased Its Stake in Ppl Corp (PPL) by $5.27 Million as Stock Declined

PPL Corporation (NYSE:PPL) LogoInvestors sentiment increased to 1.33 in 2019 Q1. Its up 0.28, from 1.05 in 2018Q4. It is positive, as 33 investors sold PPL shares while 184 reduced holdings. 63 funds opened positions while 225 raised stakes. 511.56 million shares or 1.79% less from 520.88 million shares in 2018Q4 were reported. Rare Ltd has invested 0.02% in PPL Corporation (NYSE:PPL). Chicago Equity Ptnrs Limited Liability Company invested in 75,970 shares or 0.09% of the stock. Kistler has 0.14% invested in PPL Corporation (NYSE:PPL) for 10,646 shares. Royal Bancshares Of Canada holds 0.03% or 2.25M shares in its portfolio. Verity Asset Mngmt has invested 0.38% in PPL Corporation (NYSE:PPL). Lpl Financial Ltd Llc holds 526,957 shares. Massachusetts Serv Com Ma reported 1.81M shares. Ironwood Financial Ltd Liability Company holds 0.01% in PPL Corporation (NYSE:PPL) or 576 shares. Community State Bank Na has invested 0.07% of its portfolio in PPL Corporation (NYSE:PPL). 1,473 were reported by Mondrian Inv Ltd. Grimes And holds 7,126 shares. Dubuque Bancorp And Tru holds 73 shares or 0% of its portfolio. Iowa Bank & Trust holds 0.15% or 9,974 shares. Johnson Financial owns 1,402 shares or 0% of their US portfolio. Affinity Investment Limited Liability Co holds 1.47% of its portfolio in PPL Corporation (NYSE:PPL) for 226,425 shares.

Aviance Capital Management Llc decreased its stake in Ppl Corp (PPL) by 49.32% based on its latest 2019Q1 regulatory filing with the SEC. Aviance Capital Management Llc sold 169,950 shares as the company’s stock declined 0.84% while stock markets rallied. The institutional investor held 174,657 shares of the central company at the end of 2019Q1, valued at $5.54M, down from 344,607 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Ppl Corp for a number of months, seems to be less bullish one the $21.90B market cap company. The stock decreased 0.88% or $0.27 during the last trading session, reaching $30.42. About 3.49 million shares traded. PPL Corporation (NYSE:PPL) has risen 10.85% since July 10, 2018 and is uptrending. It has outperformed by 6.42% the S&P500.

Aviance Capital Management Llc, which manages about $2.20B and $668.25M US Long portfolio, upped its stake in Spdr S&P Regional Banking Etf (KRE) by 187,543 shares to 242,971 shares, valued at $12.47 million in 2019Q1, according to the filing. It also increased its holding in Broadcom Inc Com by 25,985 shares in the quarter, for a total of 27,423 shares, and has risen its stake in Global X Mlp Etf (MLPA).

Analysts await PPL Corporation (NYSE:PPL) to report earnings on August, 6. They expect $0.56 EPS, up 1.82 % or $0.01 from last year’s $0.55 per share. PPL’s profit will be $403.14M for 13.58 P/E if the $0.56 EPS becomes a reality. After $0.70 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

More notable recent PPL Corporation (NYSE:PPL) news were published by: Prnewswire.com which released: “PPL Electric Utilities wins eighth straight JD Power customer satisfaction award – PRNewswire” on June 26, 2019, also Finance.Yahoo.com with their article: “Does PPL Corporation’s (NYSE:PPL) P/E Ratio Signal A Buying Opportunity? – Yahoo Finance” published on July 09, 2019, Finance.Yahoo.com published: “What Do Analysts Think About PPL Corporation’s (NYSE:PPL) Growth? – Yahoo Finance” on June 14, 2019. More interesting news about PPL Corporation (NYSE:PPL) were released by: Seekingalpha.com and their article: “Utilities Poised For Big Upsides – Seeking Alpha” published on June 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “Hedge Funds Have Never Been This Bullish On Mercadolibre Inc (MELI) – Yahoo Finance” with publication date: June 11, 2019.

PPL Corporation (NYSE:PPL) Ratings Coverage

Among 6 analysts covering PPL (NYSE:PPL), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. PPL had 10 analyst reports since January 14, 2019 according to SRatingsIntel. Guggenheim maintained the stock with “Hold” rating in Friday, June 21 report. Bank of America maintained the shares of PPL in report on Tuesday, February 19 with “Sell” rating. As per Thursday, February 7, the company rating was downgraded by Evercore. As per Wednesday, March 13, the company rating was maintained by Morgan Stanley. The stock of PPL Corporation (NYSE:PPL) has “Underperform” rating given on Monday, January 14 by Bank of America. UBS maintained the stock with “Buy” rating in Friday, May 17 report.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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