KeyCorp Weighs in on PPL Corp.’s Q3 2016 Earnings (PPL)
PPL Corp. (NYSE:PPL) – Research analysts at KeyCorp boosted their Q3 2016 earnings per share (EPS) estimates for shares of PPL Corp. in a note issued to investors on Monday. KeyCorp analyst P. Ridzon now anticipates that the firm will post earnings of $0.58 per share for the quarter, up from their prior forecast of $0.55.
Other equities research analysts have also recently issued research reports about the company. Argus dropped their target price on PPL Corp. from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Barclays PLC cut PPL Corp. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Monday, June 27th. Credit Suisse Group AG reissued a “hold” rating and set a $44.00 target price on shares of PPL Corp. in a report on Friday, August 5th. Vetr raised PPL Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, July 14th. Finally, Zacks Investment Research raised PPL Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.86.
PPL Corp. (NYSE:PPL) traded down 0.284% during midday trading on Wednesday, hitting $33.315. The stock had a trading volume of 1,301,359 shares. The firm has a 50 day moving average price of $34.16 and a 200 day moving average price of $36.66. PPL Corp. has a one year low of $32.08 and a one year high of $39.92. The stock has a market cap of $22.59 billion, a PE ratio of 12.923 and a beta of 0.38.
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PPL Corp. (NYSE:PPL) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. PPL Corp. had a return on equity of 14.77% and a net margin of 23.56%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was up .2% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Wednesday, September 7th. PPL Corp.’s dividend payout ratio is currently 58.69%.
A number of hedge funds have recently bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its stake in PPL Corp. by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 5,712 shares of the company’s stock worth $216,000 after buying an additional 16 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of PPL Corp. by 0.5% in the second quarter. Essex Financial Services Inc. now owns 6,526 shares of the company’s stock valued at $246,000 after buying an additional 34 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of PPL Corp. by 0.6% in the second quarter. IFC Holdings Incorporated FL now owns 6,383 shares of the company’s stock valued at $241,000 after buying an additional 35 shares in the last quarter. QCI Asset Management Inc. NY boosted its stake in shares of PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock valued at $117,000 after buying an additional 55 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its stake in shares of PPL Corp. by 1.0% in the second quarter. D Orazio & Associates Inc. now owns 6,758 shares of the company’s stock valued at $255,000 after buying an additional 67 shares in the last quarter. 69.51% of the stock is currently owned by institutional investors and hedge funds.
PPL Corp. Company Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K.
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