As Ppl (PPL) Stock Value Declined, Hennessy Advisors Cut by $432,000 Its Holding; Globeflex Capital LP Stake In Om Asset Management Ord (OMAM) Was Has Raised

May 20, 2018 - By Nellie Frank

PPL Corporation (NYSE:PPL) Logo

Hennessy Advisors Inc decreased its stake in Ppl Corp (PPL) by 2.99% based on its latest 2017Q4 regulatory filing with the SEC. Hennessy Advisors Inc sold 14,400 shares as the company’s stock declined 10.38% with the market. The institutional investor held 466,419 shares of the central company at the end of 2017Q4, valued at $14.44M, down from 480,819 at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in Ppl Corp for a number of months, seems to be less bullish one the $18.68B market cap company. The stock decreased 0.07% or $0.02 during the last trading session, reaching $26.72. About 15.05M shares traded or 96.76% up from the average. PPL Corporation (NYSE:PPL) has declined 25.72% since May 20, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Globeflex Capital LP increased its stake in Om Asset Management Ord (OMAM) by 8.69% based on its latest 2017Q4 regulatory filing with the SEC. Globeflex Capital LP bought 57,327 shares as the company’s stock declined 9.23% with the market. The institutional investor held 717,156 shares of the investment managers company at the end of 2017Q4, valued at $12.01M, up from 659,829 at the end of the previous reported quarter. Globeflex Capital LP who had been investing in Om Asset Management Ord for a number of months, seems to be bullish on the $1.69 billion market cap company. The stock decreased 0.97% or $0.15 during the last trading session, reaching $15.35. About 1.31 million shares traded or 87.14% up from the average. BrightSphere Investment Group plc (NYSE:OMAM) has risen 6.38% since May 20, 2017 and is uptrending. It has underperformed by 5.17% the S&P500.

Since December 14, 2017, it had 0 insider purchases, and 19 insider sales for $3.35 million activity. On Tuesday, March 6 Legg Kyle P sold $1,402 worth of BrightSphere Investment Group plc (NYSE:OMAM) or 93 shares. Hadley Christopher sold $383,190 worth of stock. The insider BELGRAD STEPHEN sold $79,350. Shares for $127,348 were sold by RITCHIE JAMES JOSEPH. On Tuesday, March 6 the insider Riordan Aidan J sold $690,075. Gibson Linda T. had sold 46,681 shares worth $710,711.

Globeflex Capital L P, which manages about $3.98 billion and $358.77 million US Long portfolio, decreased its stake in Stepan Co (NYSE:SCL) by 3,933 shares to 4,430 shares, valued at $350,000 in 2017Q4, according to the filing. It also reduced its holding in Orion Engineered Carbons Ord (NYSE:OEC) by 15,475 shares in the quarter, leaving it with 68,979 shares, and cut its stake in Heska Corp (NASDAQ:HSKA).

Investors sentiment increased to 1.84 in 2017 Q4. Its up 0.48, from 1.36 in 2017Q3. It increased, as 13 investors sold OMAM shares while 37 reduced holdings. 36 funds opened positions while 56 raised stakes. 70.43 million shares or 7.35% more from 65.61 million shares in 2017Q3 were reported. Moreover, Voya Limited Liability Corporation has 0.12% invested in BrightSphere Investment Group plc (NYSE:OMAM). Amalgamated Bancorporation has 0% invested in BrightSphere Investment Group plc (NYSE:OMAM) for 10,287 shares. The Australia-based Macquarie Grp Limited has invested 0% in BrightSphere Investment Group plc (NYSE:OMAM). Quantbot Techs LP owns 10,984 shares for 0.02% of their portfolio. Renaissance Technology Ltd Liability Corporation holds 1.17 million shares. Robeco Institutional Asset Mngmt Bv reported 367,896 shares. Aqr Ltd Llc holds 0.01% or 345,313 shares in its portfolio. Swiss Financial Bank holds 139,260 shares or 0% of its portfolio. Schwab Charles Management Inc owns 131,500 shares. Thrivent Fincl For Lutherans holds 0.07% or 1.16M shares in its portfolio. 21,861 were reported by Campbell Investment Adviser Limited Liability Co. Jane Street Gru Limited Liability Com holds 0% or 13,438 shares in its portfolio. California Employees Retirement System owns 17,217 shares for 0% of their portfolio. Manufacturers Life Insurance The stated it has 54,963 shares. Strs Ohio has invested 0% of its portfolio in BrightSphere Investment Group plc (NYSE:OMAM).

Among 9 analysts covering OM Asset Mgmt (NYSE:OMAM), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. OM Asset Mgmt had 27 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of BrightSphere Investment Group plc (NYSE:OMAM) has “Neutral” rating given on Tuesday, December 15 by Citigroup. The rating was upgraded by Wells Fargo on Monday, June 5 to “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, July 5. The rating was upgraded by Citigroup on Monday, February 8 to “Buy”. The stock of BrightSphere Investment Group plc (NYSE:OMAM) earned “Hold” rating by Sandler O’Neill on Thursday, January 11. The firm has “Outperform” rating by RBC Capital Markets given on Friday, June 30. RBC Capital Markets maintained the shares of OMAM in report on Friday, December 15 with “Buy” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 26. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, February 1. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3.

More recent PPL Corporation (NYSE:PPL) news were published by: Prnewswire.com which released: “PPL to Pay Quarterly Stock Dividend July 2” on May 16, 2018. Also Gurufocus.com published the news titled: “Stocks That Fell to 3-Year Lows in the Week of May 18” on May 19, 2018. Seekingalpha.com‘s news article titled: “PPL Corporation 2018 Q1 – Results – Earnings Call Slides” with publication date: May 03, 2018 was also an interesting one.

Hennessy Advisors Inc, which manages about $5.52 billion and $3.26 billion US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 17,000 shares to 1.71M shares, valued at $66.91 million in 2017Q4, according to the filing. It also increased its holding in Xpo Logistics Inc (NYSE:XPO) by 412,900 shares in the quarter, for a total of 493,900 shares, and has risen its stake in Banc Of California Inc (NYSE:BANC).

Among 14 analysts covering PPL Corporation (NYSE:PPL), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. PPL Corporation had 43 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies downgraded the shares of PPL in report on Thursday, July 14 to “Hold” rating. Jefferies maintained it with “Buy” rating and $43.5000 target in Friday, August 4 report. On Sunday, October 29 the stock rating was maintained by RBC Capital Markets with “Hold”. Barclays Capital downgraded PPL Corporation (NYSE:PPL) on Monday, June 27 to “Equal-Weight” rating. The firm has “Buy” rating given on Monday, January 8 by SunTrust. As per Thursday, January 18, the company rating was upgraded by Deutsche Bank. SunTrust maintained PPL Corporation (NYSE:PPL) on Friday, February 23 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. The firm has “Buy” rating by SunTrust given on Tuesday, October 10. Evercore downgraded the stock to “Hold” rating in Monday, February 8 report.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on August, 2. They expect $0.53 EPS, up 1.92% or $0.01 from last year’s $0.52 per share. PPL’s profit will be $370.50 million for 12.60 P/E if the $0.53 EPS becomes a reality. After $0.74 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -28.38% negative EPS growth.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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