Share on StockTwits

PPL (NYSE:PPL) VP Mark F. Wilten sold 6,674 shares of PPL stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $34.44, for a total value of $229,852.56. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several analysts have recently commented on the stock. 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 issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $35.44.

PPL (NYSE:PPL) traded down 1.14% during mid-day trading on Tuesday, hitting $33.93. The stock had a trading volume of 2,821,500 shares. PPL has a one year low of $28.95 and a one year high of $35.56. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $33.30. The company has a market cap of $22.542 billion and a P/E ratio of 26.12.

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. Analysts expect that PPL will post $2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.3725 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, September 8th.

PPL Corporation (NYSE:PPL) is an energy and utility holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.