Shares of PPL Co. (NYSE:PPL) have been given an average rating of “Hold” by the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.85.
A number of research analysts recently commented on PPL shares. Wells Fargo & Company lowered their price objective on PPL from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, November 16th. Citigroup raised their price objective on PPL from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley raised their price objective on PPL from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 17th. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a report on Monday, October 12th. Finally, UBS Group raised their price objective on shares of PPL from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new stake in shares of PPL in the second quarter valued at approximately $1,669,000. WASHINGTON TRUST Co bought a new position in shares of PPL in the 2nd quarter valued at about $61,000. ProShare Advisors LLC grew its position in shares of PPL by 20.3% during the 2nd quarter. ProShare Advisors LLC now owns 90,047 shares of the utilities provider’s stock worth $2,327,000 after buying an additional 15,212 shares during the period. Wealthfront Advisers LLC raised its stake in shares of PPL by 9.0% during the second quarter. Wealthfront Advisers LLC now owns 42,242 shares of the utilities provider’s stock worth $1,092,000 after buying an additional 3,472 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in PPL by 22.0% in the third quarter. Nisa Investment Advisors LLC now owns 174,450 shares of the utilities provider’s stock valued at $4,747,000 after buying an additional 31,400 shares during the period. Hedge funds and other institutional investors own 66.64% of the company’s stock.
PPL stock traded down $0.58 during mid-day trading on Friday, hitting $28.53. 174,796 shares of the company were exchanged, compared to its average volume of 5,468,562. PPL has a 12-month low of $18.12 and a 12-month high of $36.83. The company has a market capitalization of $22.38 billion, a P/E ratio of 12.66 and a beta of 0.76. The business’s 50 day simple moving average is $28.73 and its two-hundred day simple moving average is $27.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.63 and a quick ratio of 0.57.
PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.02 billion. PPL had a net margin of 24.52% and a return on equity of 14.20%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Equities research analysts predict that PPL will post 2.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Thursday, December 10th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Wednesday, December 9th. PPL’s dividend payout ratio is currently 67.76%.
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 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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