Soroban Capital Partners Reduces $42M in PPL Corporation ($PPL)
Key Points
- Soroban Capital Partners changed its PPL Corporation ($PPL) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $PPL is Buy and an average price target of $40.93.
- $PPL last traded around $35.46.
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Soroban Capital Partners reduced its position in PPL Corporation ($PPL), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of PPL Corporation after selling 1,188,847 shares during the quarter.
PPL Corporation Stock Up 3.7%
Shares of PPL Corporation ($PPL) traded around $35.46 on Saturday, up 3.7% for the day.
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About PPL Corporation
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
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