PPL Corp. Given Average Rating of “Hold” by Analysts (NYSE:PPL)
Shares of PPL Corp. (NYSE:PPL) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.42.
Shares of PPL Corp. (NYSE:PPL) opened at 30.29 on Friday. PPL Corp. has a one year low of $28.44 and a one year high of $33.55. The stock’s 50-day moving average is $29.9 and its 200-day moving average is $30.4. The company has a market cap of $19.090 billion and a price-to-earnings ratio of 12.09.
PPL Corp. (NYSE:PPL) last announced its earnings results on Thursday, February 6th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.10. The company had revenue of $2.85 million for the quarter, compared to the consensus estimate of $2.44 million. During the same quarter last year, the company posted $0.49 earnings per share. PPL Corp.’s revenue was down 11.6% compared to the same quarter last year. Analysts expect that PPL Corp. will post $2.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of 0.3725 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Thursday, March 6th. This is a positive change from PPL Corp.’s previous quarterly dividend of $0.37.
In other PPL Corp. news, Insider Victor Staffieri sold 56,105 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $30.05, for a total value of $1,685,955.25. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PPL has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of PPL Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Barclays upgraded shares of PPL Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $33.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of PPL Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 3rd.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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