Ppl (PPL) Stake Upped by Buckhead Capital Management Llc; Norfolk Southern (NSC) Market Valuation Rose While Epoch Investment Partners Has Decreased Holding by $8.33 Million

September 14, 2018 - By Jacob Reddy

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Buckhead Capital Management Llc increased its stake in Ppl Corp (PPL) by 11.57% based on its latest 2018Q2 regulatory filing with the SEC. Buckhead Capital Management Llc bought 13,925 shares as the company’s stock rose 15.39% with the market. The hedge fund held 134,327 shares of the central company at the end of 2018Q2, valued at $3.84 million, up from 120,402 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Ppl Corp for a number of months, seems to be bullish on the $21.10 billion market cap company. The stock decreased 0.36% or $0.11 during the last trading session, reaching $30.16. About 1.71 million shares traded. PPL Corporation (NYSE:PPL) has declined 22.86% since September 14, 2017 and is downtrending. It has underperformed by 38.48% the S&P500. Some Historical PPL News: 15/05/2018 – Kempen Adds PPL, Exits Tapestry, Cuts New York Community: 13F; 16/05/2018 – Scandinavian Investors Buy PPL, Southern; Sell Infosys: 13F; 04/04/2018 – FACEBOOK: UP TO 87M PPL’S DATA MAY HAVE BEEN IMPROPERLY SHARED; 03/05/2018 – PPL CORP – QTRLY EARNINGS OF $0.65 PER SHARE AND EARNINGS FROM ONGOING OPERATIONS OF $0.74 PER SHARE; 08/05/2018 – PPL Corp 55 Million Share Offering Priced at $27 Each; 20/03/2018 – PPL PLANS TO REAFFIRM 2018 EARNINGS VIEW, CAGR RATE THROUGH ’20; 20/04/2018 – DJ PPL Corporation, Inst Holders, 1Q 2018 (PPL); 03/05/2018 – PPL CORP QTRLY OPERATING REVENUES $2,126 MLN VS $1,951 MLN; 23/03/2018 – HUHTAMAKI PPL – ENTERED INTO DEAL FOR ACQUISITION OF AJANTA PACKAGING, INDIA ON SLUMP SALE BASIS BASED ON ENTERPRISE VALUATION OF ABOUT 1 BLN RUPEES; 06/03/2018 PPL CORP PPL.N : RBC RAISES TO OUTPERFORM FROM SECTOR PERFORM

Epoch Investment Partners Inc decreased its stake in Norfolk Southern Corp (NSC) by 15.89% based on its latest 2018Q2 regulatory filing with the SEC. Epoch Investment Partners Inc sold 55,503 shares as the company’s stock rose 15.46% with the market. The institutional investor held 293,884 shares of the railroads company at the end of 2018Q2, valued at $44.34M, down from 349,387 at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $50.13 billion market cap company. The stock increased 0.87% or $1.55 during the last trading session, reaching $179.02. About 733,688 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 40.63% since September 14, 2017 and is uptrending. It has outperformed by 25.01% the S&P500. Some Historical NSC News: 06/03/2018 Norfolk Southern rolls out next-generation AccessNS online customer portal; 25/04/2018 – Norfolk Southern 1Q Net $552M; 03/04/2018 – Norfolk Southern multi-state safety train tour underway; 16/05/2018 – Norfolk Southern Presenting at Conference May 23; 07/05/2018 – NORFOLK SOUTHERN RESPONDS TO FRA REQUEST FOR INFO ON AUTOMATION; 23/04/2018 – DJ Norfolk Southern Corporation, Inst Holders, 1Q 2018 (NSC); 26/04/2018 – NORFOLK SOUTHERN CORP NSC.N : DEUTSCHE BANK RAISES TARGET PRICE TO $151 FROM $146; 20/03/2018 – GE Transportation’s Modernization Program Hits New Milestones; 21/03/2018 – CFO Earhart Gifts 135 Of Norfolk Southern Corp; 25/04/2018 – NORFOLK SOUTHERN CORP – QTRLY COAL REVENUE $434 MLN VS $420 MLN

Among 16 analysts covering PPL Corporation (NYSE:PPL), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. PPL Corporation had 49 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of PPL Corporation (NYSE:PPL) has “Hold” rating given on Tuesday, June 20 by Jefferies. Wolfe Research upgraded the shares of PPL in report on Wednesday, September 14 to “Outperform” rating. Goldman Sachs downgraded the shares of PPL in report on Tuesday, January 17 to “Sell” rating. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 18. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. On Wednesday, August 10 the stock rating was maintained by Jefferies with “Hold”. The stock has “Buy” rating by SunTrust on Friday, February 23. Guggenheim downgraded the shares of PPL in report on Wednesday, August 10 to “Neutral” rating. The rating was downgraded by Deutsche Bank on Wednesday, August 8 to “Hold”. The firm has “Underperform” rating by Macquarie Research given on Tuesday, December 19.

More news for PPL Corporation (NYSE:PPL) were recently published by: Seekingalpha.com, which released: “September 2018 Stock Considerations” on September 14, 2018. Investorplace.com‘s article titled: “3 Big Stock Charts for Friday: Comcast, Lockheed Martin and PPL” and published on September 14, 2018 is yet another important article.

Investors sentiment increased to 1.21 in 2018 Q2. Its up 0.47, from 0.74 in 2018Q1. It improved, as 48 investors sold PPL shares while 190 reduced holdings. 61 funds opened positions while 227 raised stakes. 542.38 million shares or 12.34% more from 482.80 million shares in 2018Q1 were reported. Employees Retirement System Of Ohio owns 323,009 shares. Old Mutual Customised Solutions (Proprietary) reported 18,129 shares or 0.05% of all its holdings. Regent Mngmt Ltd holds 19,900 shares or 0.19% of its portfolio. Tocqueville Asset Mngmt Limited Partnership has 10,400 shares. Whittier has invested 0.01% in PPL Corporation (NYSE:PPL). Dimensional Fund Lp holds 0.01% in PPL Corporation (NYSE:PPL) or 1.21M shares. Axa invested in 9,509 shares. Cibc National Bank & Trust Usa, a Illinois-based fund reported 13,347 shares. Earnest Ptnrs Ltd Liability Company has invested 0% in PPL Corporation (NYSE:PPL). Huntington National Bank & Trust reported 0.02% stake. Opus Inv reported 141,142 shares. Ubs Asset Americas has 2.91M shares. Meritage Port holds 0.37% or 133,585 shares in its portfolio. Bridgeway Capital Mngmt has 0.39% invested in PPL Corporation (NYSE:PPL). Vanguard Grp reported 0.06% of its portfolio in PPL Corporation (NYSE:PPL).

Buckhead Capital Management Llc, which manages about $1.27 billion and $302.82M US Long portfolio, decreased its stake in Raymond James Financial Inc (NYSE:RJF) by 10,619 shares to 28,135 shares, valued at $2.51M in 2018Q2, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 11,304 shares in the quarter, leaving it with 80,448 shares, and cut its stake in Becton Dickinson & Co (NYSE:BDX).

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 10 have Buy rating, 4 Sell and 17 Hold. Therefore 32% are positive. Norfolk Southern Corp. had 115 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, October 16 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm earned “Buy” rating on Friday, September 11 by Bank of America. The stock has “Sell” rating by RBC Capital Markets on Thursday, July 6. The company was maintained on Thursday, April 26 by JP Morgan. Credit Suisse maintained the stock with “Buy” rating in Thursday, July 13 report. On Friday, April 28 the stock rating was maintained by TD Securities with “Hold”. The firm earned “Neutral” rating on Wednesday, April 6 by Citigroup. On Wednesday, April 25 the stock rating was maintained by Scotia Capital with “Buy”. Loop Capital downgraded the stock to “Sell” rating in Monday, November 27 report. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Underperform” rating given on Monday, November 2 by Macquarie Research.

More news for Norfolk Southern Corporation (NYSE:NSC) were recently published by: Benzinga.com, which released: “Coal Exports Face Delays As US East Coast Rail Service Slows For Florence” on September 13, 2018. Benzinga.com‘s article titled: “At An Investors’ Conference, Norfolk Southern Is Still Getting Asked About Its Comparison To CSX” and published on September 06, 2018 is yet another important article.

Epoch Investment Partners Inc, which manages about $43.62B and $32.37B US Long portfolio, upped its stake in Berry Global Group Inc (NYSE:BERY) by 278,522 shares to 1.17M shares, valued at $53.96 million in 2018Q2, according to the filing. It also increased its holding in Lemaitre Vascular Inc (NASDAQ:LMAT) by 160,754 shares in the quarter, for a total of 932,093 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Investors sentiment increased to 0.8 in Q2 2018. Its up 0.05, from 0.75 in 2018Q1. It is positive, as 40 investors sold NSC shares while 370 reduced holdings. 92 funds opened positions while 236 raised stakes. 194.66 million shares or 2.02% less from 198.67 million shares in 2018Q1 were reported. Hudson Bay Cap LP holds 12,200 shares or 0.03% of its portfolio. Country Bancorp owns 200 shares for 0% of their portfolio. Windsor Mgmt Ltd Llc has invested 0.15% in Norfolk Southern Corporation (NYSE:NSC). Afam Cap reported 66,344 shares. Umb Commercial Bank N A Mo has invested 0.08% in Norfolk Southern Corporation (NYSE:NSC). Colonial Trust Advsrs invested in 19,307 shares or 0.58% of the stock. Fifth Third Comml Bank holds 289,407 shares or 0.3% of its portfolio. Texas Permanent School Fund invested in 68,948 shares or 0.14% of the stock. Of Virginia Va invested in 25,075 shares or 0.53% of the stock. The Pennsylvania-based Philadelphia has invested 0.03% in Norfolk Southern Corporation (NYSE:NSC). New Mexico Educational Retirement Board holds 0.16% in Norfolk Southern Corporation (NYSE:NSC) or 26,226 shares. Private Advisor Gp Limited Company holds 0.03% or 12,230 shares. Sterling Mgmt Limited Liability Company holds 9,114 shares or 0.01% of its portfolio. Murphy Pohlad Asset Mgmt Ltd Liability Company reported 15,130 shares stake. Pineno Levin & Ford Asset Mgmt reported 3,481 shares stake.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on October, 24. They expect $2.43 earnings per share, up 38.86% or $0.68 from last year’s $1.75 per share. NSC’s profit will be $680.47M for 18.42 P/E if the $2.43 EPS becomes a reality. After $2.50 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts -2.80% negative EPS growth.

Since April 27, 2018, it had 0 insider buys, and 6 selling transactions for $8.39 million activity. 2,000 shares were sold by Wheeler Michael Joseph, worth $302,661 on Wednesday, May 16. Squires James A sold $5.85M worth of stock. The insider Hurlbut Thomas E sold 2,760 shares worth $419,520.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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