PPL Corp. Insider Sells $1,408,571 in Stock (PPL)
PPL Corp. (NYSE:PPL) Insider Victor A. Staffieri sold 45,350 shares of PPL Corp. stock on the open market in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $31.06, for a total transaction of $1,408,571.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PPL shares. Analysts at Zacks reiterated a “neutral” rating on shares of PPL Corp. in a research note on Friday, February 7th. They now have a $32.00 price target on the stock. Separately, analysts at Jefferies Group upgraded shares of PPL Corp. from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at Barclays upgraded shares of PPL Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 6th. They now have a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.42.
PPL Corp. (NYSE:PPL) opened at 31.09 on Thursday. PPL Corp. has a 52 week low of $28.44 and a 52 week high of $33.55. The stock’s 50-day moving average is $30.0 and its 200-day moving average is $30.43. The company has a market cap of $19.593 billion and a price-to-earnings ratio of 17.63.
PPL Corp. (NYSE:PPL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts predict that PPL Corp. will post $2.17 earnings per share 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 4.80%. The ex-dividend date is Thursday, March 6th. This is a positive change from PPL Corp.’s previous quarterly dividend of $0.37.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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