PPL Corp (NYSE:PPL) CEO William H. Spence sold 388,968 shares of PPL stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $34.32, for a total transaction of $13,349,381.76.
William H. Spence also recently made the following trade(s):
- On Friday, November 1st, William H. Spence sold 388,000 shares of PPL stock. The shares were sold at an average price of $33.57, for a total value of $13,025,160.00.
- On Tuesday, October 22nd, William H. Spence sold 215,020 shares of PPL stock. The shares were sold at an average price of $33.00, for a total value of $7,095,660.00.
Shares of PPL stock traded down $0.24 on Thursday, reaching $34.32. The stock had a trading volume of 4,462,246 shares, compared to its average volume of 4,534,171. The business’s 50 day moving average is $33.49 and its two-hundred day moving average is $31.22. The company has a current ratio of 0.66, a quick ratio of 0.58 and a debt-to-equity ratio of 1.81. PPL Corp has a 1 year low of $27.31 and a 1 year high of $34.66. The company has a market cap of $24.92 billion, a P/E ratio of 14.30 and a beta of 0.49.
PPL (NYSE:PPL) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.04 billion. PPL had a net margin of 23.17% and a return on equity of 14.73%. PPL’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. On average, equities analysts anticipate that PPL Corp will post 2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, December 9th. PPL’s payout ratio is 68.75%.
Several brokerages have issued reports on PPL. ValuEngine lowered PPL from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Bank of America raised shares of PPL from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley set a $30.00 target price on shares of PPL and gave the stock a “hold” rating in a research report on Friday, August 16th. Macquarie upgraded shares of PPL from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $32.50 in a research report on Wednesday, October 23rd. Finally, Evercore ISI set a $31.00 target price on shares of PPL and gave the stock a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.41.
Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of PPL by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,914,524 shares of the utilities provider’s stock valued at $524,518,000 after purchasing an additional 4,523,594 shares in the last quarter. Covalis Capital LLP bought a new stake in PPL during the second quarter valued at $72,143,000. First Trust Advisors LP grew its position in PPL by 102.8% during the second quarter. First Trust Advisors LP now owns 4,170,550 shares of the utilities provider’s stock worth $129,329,000 after buying an additional 2,114,378 shares in the last quarter. Nuveen Asset Management LLC grew its position in PPL by 1,369.1% during the second quarter. Nuveen Asset Management LLC now owns 2,000,707 shares of the utilities provider’s stock worth $62,042,000 after buying an additional 1,864,519 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in PPL by 2.7% during the second quarter. Vanguard Group Inc. now owns 59,843,270 shares of the utilities provider’s stock worth $1,855,739,000 after buying an additional 1,548,115 shares in the last quarter. 70.68% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.