PPL Corp (NYSE:PPL) has earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $36.86.
PPL has been the topic of several research analyst reports. Evercore ISI set a $31.00 price target on shares of PPL and gave the company a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research raised shares of PPL from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a report on Tuesday, October 15th. Citigroup increased their price target on shares of PPL from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Macquarie raised shares of PPL from an “underperform” rating to a “neutral” rating and increased their price target for the company from $27.00 to $32.50 in a report on Wednesday, October 23rd. Finally, ValuEngine cut shares of PPL from a “hold” rating to a “sell” rating in a report on Friday, November 1st.
In other news, CEO William H. Spence sold 215,020 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $33.00, for a total transaction of $7,095,660.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Vincent Sorgi sold 13,696 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.04, for a total transaction of $466,211.84. Following the transaction, the chief operating officer now directly owns 30,976 shares in the company, valued at $1,054,423.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 638,004 shares of company stock worth $21,266,332. Insiders own 0.34% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in PPL. TRUE Private Wealth Advisors bought a new position in shares of PPL during the second quarter worth approximately $25,000. Bartlett & Co. LLC increased its holdings in shares of PPL by 100.0% during the third quarter. Bartlett & Co. LLC now owns 800 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 400 shares during the period. Kings Point Capital Management bought a new position in shares of PPL during the second quarter worth approximately $28,000. Kavar Capital Partners LLC bought a new position in shares of PPL during the second quarter worth approximately $35,000. Finally, Venturi Wealth Management LLC bought a new position in shares of PPL during the third quarter worth approximately $35,000. 71.54% of the stock is currently owned by institutional investors.
NYSE:PPL traded down $0.11 during mid-day trading on Monday, hitting $33.67. The stock had a trading volume of 2,841,291 shares, compared to its average volume of 4,562,125. PPL has a twelve month low of $27.31 and a twelve month high of $34.15. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 14.03 and a beta of 0.49. The company’s 50 day simple moving average is $32.63 and its 200 day simple moving average is $30.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.58 and a current ratio of 0.66.
PPL (NYSE:PPL) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). PPL had a net margin of 23.17% and a return on equity of 14.73%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that PPL will post 2.43 earnings per share for the current year.
PPL Company Profile
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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