Hedge Funds Are Betting On PPL Corporation (PPL)

As one would reasonably expect, specific money managers have jumped into PPL Corporation (NYSE:PPL) headfirst. Balyasny Asset Management, managed by Dmitry Balyasny, established the biggest position in PPL Corporation (NYSE:PPL). Balyasny Asset Management had $15.8 million invested in the company at the end of the quarter. Robert Vollero and Gentry T. Beach’s Vollero Beach Capital Partners also initiated a $5.4 million position during the quarter. The other funds with brand new PPL positions are Millennium Management Subsidiary’s Green Arrow Capital Management, Jim Simons’ Renaissance Technologies, and Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as PPL Corporation (NYSE:PPL) but similarly valued. These stocks are Energy Transfer Equity, L.P. (NYSE:ETE), Koninklijke Philips Electronics NV (ADR) (NYSE:PHG), Delphi Automotive PLC (NYSE:DLPH), and Dollar General Corp. (NYSE:DG). This group of stocks’ market caps resemble PPL’s market cap.

As you can see these stocks had an average of 31 hedge funds with bullish positions and the average amount invested in these stocks was $864 million. That figure was $802 million in PPL’s case. Dollar General Corp. (NYSE:DG) is the most popular stock in this table. On the other hand Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) is the least popular one with only 8 bullish hedge fund positions. PPL Corporation (NYSE:PPL) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DG might be a better candidate to consider for a long position.