PPL Corporation (NYSE:PPL – Get Free Report) CEO William Spencer Marshall sold 200,000 shares of PPL stock in a transaction on Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $5,184,000.00. Following the sale, the chief executive officer directly owned 2,703,115 shares of the company’s stock, valued at $70,064,740.80. This represents a 6.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
PPL Stock Up 0.8%
PPL traded up $0.29 on Wednesday, hitting $36.40. 922,688 shares of the company were exchanged, compared to its average volume of 8,906,470. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.88 and a current ratio of 1.00. The stock’s fifty day moving average is $35.90 and its 200-day moving average is $36.78. The company has a market cap of $27.38 billion, a PE ratio of 22.20, a PEG ratio of 2.46 and a beta of 0.57. PPL Corporation has a 12 month low of $33.17 and a 12 month high of $40.10.
PPL (NYSE:PPL – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. PPL had a return on equity of 9.41% and a net margin of 13.09%.The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that PPL Corporation will post 1.95 EPS for the current fiscal year.
PPL Announces Dividend
Hedge Funds Weigh In On PPL
Several institutional investors have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC purchased a new position in PPL in the second quarter valued at approximately $42,000. Valeo Financial Advisors LLC increased its position in PPL by 21.4% in the second quarter. Valeo Financial Advisors LLC now owns 7,378 shares of the utilities provider’s stock worth $268,000 after buying an additional 1,299 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PPL by 3.5% in the second quarter. GAMMA Investing LLC now owns 28,131 shares of the utilities provider’s stock valued at $1,023,000 after buying an additional 949 shares during the period. Versant Capital Management Inc raised its stake in shares of PPL by 128.0% in the second quarter. Versant Capital Management Inc now owns 4,277 shares of the utilities provider’s stock valued at $155,000 after buying an additional 2,401 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of PPL by 6.3% during the 1st quarter. Parallel Advisors LLC now owns 11,124 shares of the utilities provider’s stock valued at $425,000 after buying an additional 660 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on PPL. BTIG Research restated a “buy” rating on shares of PPL in a research report on Thursday, June 4th. JPMorgan Chase & Co. lowered their target price on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group increased their target price on PPL from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Seaport Research Partners set a $42.00 price objective on PPL in a research note on Monday, April 20th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of PPL in a research report on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.67.
View Our Latest Analysis on PPL
PPL Company Profile
PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.
PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.
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