Insider Selling: Mark F. Wilten Sells 3,472 Shares of PPL Stock (PPL)
PPL (NYSE:PPL) VP Mark F. Wilten unloaded 3,472 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $34.44, for a total value of $119,575.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PPL. Analysts at Zacks reiterated a “neutral” rating on shares of PPL in a research note on Monday, August 4th. They now have a $35.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of PPL from $34.00 to $35.00 in a research note on Monday, August 4th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of PPL in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $38.00. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. PPL currently has an average rating of “Buy” and a consensus target price of $35.44.
PPL (NYSE:PPL) traded down 0.35% on Friday, hitting $34.17. 2,031,561 shares of the company’s stock traded hands. PPL has a 52-week low of $28.95 and a 52-week high of $35.56. The stock’s 50-day moving average is $33.5 and its 200-day moving average is $33.20. The company has a market cap of $22.702 billion and a price-to-earnings ratio of 26.10.
PPL (NYSE:PPL) last released its earnings data on Thursday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.78 billion. 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 16.7% on a year-over-year basis. On average, analysts predict that PPL will post $2.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.3725 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.35%.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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