Turtle Creek Asset Management Has Cut By $813,400 Its Kirby (KEX) Stake; 0 Analysts Are Bullish PPL (PPL) Last Week

PPL Corporation (NYSE:PPL) Logo

Among 4 analysts covering PPL (NYSE:PPL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. PPL had 6 analyst reports since June 13, 2018 according to SRatingsIntel. The rating was downgraded by Deutsche Bank on Wednesday, August 8 to “Hold”. The stock has “Market Perform” rating by Wells Fargo on Monday, September 17. On Wednesday, June 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Monday, July 16, the company rating was maintained by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, September 11 by Morgan Stanley. See PPL Corporation (NYSE:PPL) latest ratings:

17/09/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $32 New Target: $33 Maintain
11/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $29 New Target: $30 Maintain
23/08/2018 Broker: Citigroup Rating: Neutral New Target: $30 Initiates Coverage On
08/08/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Downgrade
16/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $28 New Target: $29 Maintain
13/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $29 New Target: $28 Maintain

Turtle Creek Asset Management Inc decreased Kirby Corp (KEX) stake by 66.22% reported in 2018Q2 SEC filing. Turtle Creek Asset Management Inc sold 9,800 shares as Kirby Corp (KEX)’s stock declined 11.36%. The Turtle Creek Asset Management Inc holds 5,000 shares with $418,000 value, down from 14,800 last quarter. Kirby Corp now has $4.39B valuation. The stock decreased 1.69% or $1.26 during the last trading session, reaching $73.24. About 629,037 shares traded or 27.22% up from the average. Kirby Corporation (NYSE:KEX) has risen 19.62% since December 8, 2017 and is uptrending. It has outperformed by 4.00% the S&P500. Some Historical KEX News: 03/05/2018 – Kirby Corp Sees Deal Closing End 2; 02/05/2018 – Kirby Corporation To Webcast Analyst Day; 03/05/2018 – KIRBY IN PACT TO BUY PRESSURE BARGES FROM TARGA RESOURCES CORP; 03/05/2018 – Kirby Corp Agrees to Purchase Pressure Barges From Targa Resources Corp; 03/05/2018 – KIRBY SEES BARGES ABOUT $0.02-SHR ADDING IN 2018; 25/04/2018 – KIRBY CORP KEX.N FY2018 SHR VIEW $2.84 — THOMSON REUTERS l/B/E/S; 03/05/2018 – KIRBY CORP – BARGES WILL BE ABOUT $0.02 PER SHARE ACCRETIVE IN 2018; 24/04/2018 – Kirby Corporation Announces The Retirement Of Joseph H. Pyne As Executive Chairman; 03/05/2018 – KIRBY CORP KEX.N -PURCHASE WILL BE FINANCED THROUGH ADDITIONAL BORROWINGS; 25/04/2018 – KIRBY SEES 2Q EPS 30C TO 50C, EST. 71C

Investors sentiment decreased to 0.94 in 2018 Q2. Its down 0.27, from 1.21 in 2018Q1. It dropped, as 48 investors sold PPL Corporation 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. First Commonwealth Pa accumulated 0.41% or 13,974 shares. Citigroup Inc stated it has 285,392 shares or 0.01% of all its holdings. Moreover, Country Club Tru Na has 0.65% invested in PPL Corporation (NYSE:PPL) for 184,833 shares. California Employees Retirement Systems, California-based fund reported 1.90M shares. Orrstown Financial Ser Incorporated holds 0.15% or 4,238 shares in its portfolio. Chemical Bancorp, Michigan-based fund reported 40,472 shares. Moreover, Goldman Sachs Group has 0.09% invested in PPL Corporation (NYSE:PPL) for 11.92M shares. 15,847 were accumulated by Cullen Frost Bankers. 579,000 were accumulated by Gabelli Funds Limited Liability Corp. San Francisco Sentry (Ca) owns 0% invested in PPL Corporation (NYSE:PPL) for 98 shares. Pennsylvania-based Pnc Financial Svcs Gp has invested 0.03% in PPL Corporation (NYSE:PPL). Veritable L P reported 12,499 shares. Swiss State Bank holds 2.56 million shares or 0.08% of its portfolio. 10,400 are held by Tocqueville Asset Management Lp. Millennium Mgmt Lc, New York-based fund reported 7.69M shares.

The stock increased 2.81% or $0.85 during the last trading session, reaching $31.09. About 5.86 million shares traded or 16.00% up from the average. PPL Corporation (NYSE:PPL) has declined 22.86% since December 8, 2017 and is downtrending. It has underperformed by 38.48% the S&P500. Some Historical PPL News: 27/04/2018 – MOYNIHAN: AI, VOICE TECH ARE HARDER TO DEVELOP THAN PPL KNOW; 03/05/2018 – PPL Corp 1Q Rev $2.13B; 03/05/2018 – PPL CORP QTRLY OPERATING REVENUES $2,126 MLN VS $1,951 MLN; 30/04/2018 – PPL Corporation supportive of Ofgem decision to forgo mid-period review; 03/05/2018 – PPL CORP – NOW TARGETING LOWER END OF EQUITY FINANCING NEEDS; 03/05/2018 – PPL 1Q OPER REV. $2.13B, EST. $2.09B; 18/04/2018 – Hawaiian Electric and Opus One Solutions Working to Boost Distributed Energy Resources on O‘ahu Grid; 03/05/2018 – PPL CORP PPL.N REAFFIRMS FY 2018 SHR VIEW $2.20 TO $2.40 FROM CONTINUING OPERATIONS; 03/05/2018 – PPL Reaffirms View of 5%-6% Compound Annual EPS Growth From 2018-2020; 07/03/2018 – Ofgem Issues RIIO-2 Framework Consultation Document

More recent PPL Corporation (NYSE:PPL) news were published by: Seekingalpha.com which released: “Sand In My Shoes – Why I Bought PPL – Seeking Alpha” on November 23, 2018. Also Investorplace.com published the news titled: “3 Stock Charts for Wednesday: Home Depot, PPL and HollyFrontier – Investorplace.com” on November 14, 2018. Seekingalpha.com‘s news article titled: “PPL Corporation: Another Utility With A 5+% Yield But Be Cautious – Seeking Alpha” with publication date: November 12, 2018 was also an interesting one.

PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. The company has market cap of $22.39 billion. The firm operates in three divisions: U.K. It has a 14.6 P/E ratio. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

Among 2 analysts covering Kirby (NYSE:KEX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kirby had 2 analyst reports since July 30, 2018 according to SRatingsIntel. On Monday, July 30 the stock rating was upgraded by Gabelli to “Buy”. As per Monday, October 29, the company rating was maintained by Wells Fargo.

Investors sentiment decreased to 1.15 in Q2 2018. Its down 0.10, from 1.25 in 2018Q1. It dived, as 16 investors sold KEX shares while 77 reduced holdings. 40 funds opened positions while 76 raised stakes. 54.93 million shares or 1.38% more from 54.19 million shares in 2018Q1 were reported. Shelton owns 3,748 shares. Crestwood Mngmt LP holds 124,038 shares or 5.6% of its portfolio. Monarch Ptnrs Asset Mngmt Ltd owns 104,300 shares. Thomson Horstmann Bryant Inc stated it has 0.09% in Kirby Corporation (NYSE:KEX). Stone Run Ltd Limited Liability Company has 0.61% invested in Kirby Corporation (NYSE:KEX). The South Dakota-based South Dakota Invest Council has invested 0.07% in Kirby Corporation (NYSE:KEX). Pnc Financial Services owns 2,830 shares or 0% of their US portfolio. Tower Rech Capital Llc (Trc), a New York-based fund reported 439 shares. Cushing Asset Mgmt Limited Partnership reported 42,288 shares. Bancorp Of America Corporation De has invested 0.01% in Kirby Corporation (NYSE:KEX). 19,800 were reported by State Treasurer State Of Michigan. Schwab Charles Investment Mgmt stated it has 310,733 shares. Sei Invs, Pennsylvania-based fund reported 67,493 shares. Eaton Vance Mngmt holds 0.02% of its portfolio in Kirby Corporation (NYSE:KEX) for 97,281 shares. New York-based Stone Ridge Asset Mgmt Lc has invested 0.05% in Kirby Corporation (NYSE:KEX).

Turtle Creek Asset Management Inc increased Service Corp International (NYSE:SCI) stake by 343,700 shares to 1.77M valued at $63.20 million in 2018Q2. It also upped Wabco Holdings Inc (NYSE:WBC) stake by 5,600 shares and now owns 19,200 shares. Fastenal Corporation (NASDAQ:FAST) was raised too.

More news for Kirby Corporation (NYSE:KEX) were recently published by: Businesswire.com, which released: “Fluid Delivery Solutions, LLC Appoints Executive Chairman – Business Wire” on November 12, 2018. Seekingalpha.com‘s article titled: “Kirby’s Recovery Prospects No Longer Undervalued – Seeking Alpha” and published on May 09, 2018 is yet another important article.

Analysts await Kirby Corporation (NYSE:KEX) to report earnings on January, 30. They expect $0.68 earnings per share, up 25.93% or $0.14 from last year’s $0.54 per share. KEX’s profit will be $40.71M for 26.93 P/E if the $0.68 EPS becomes a reality. After $0.70 actual earnings per share reported by Kirby Corporation for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Since June 6, 2018, it had 0 insider buys, and 4 insider sales for $9.15 million activity. PYNE J H also sold $4.14M worth of Kirby Corporation (NYSE:KEX) on Wednesday, August 29. The insider Reniers Joseph H. sold 2,618 shares worth $236,777. Husted Amy D. sold $89,742 worth of stock. 3,170 shares were sold by STRAHAN DORMAN LYNN, worth $275,415.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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