PPL Corp (NYSE:PPL) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share estimates for shares of PPL Corp in a research report issued to clients and investors on Tuesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $0.64 per share for the quarter.

A number of other research firms have also issued reports on PPL. Goldman Sachs Group Inc lowered shares of PPL Corp from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $34.00 to $33.00 in a research report on Tuesday, January 17th. Barclays PLC reissued a “hold” rating and set a $38.00 price target on shares of PPL Corp in a research report on Thursday, February 2nd. Jefferies Group LLC raised their price target on shares of PPL Corp from $35.00 to $36.50 and gave the stock a “hold” rating in a research report on Thursday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $37.00 target price on shares of PPL Corp in a report on Wednesday, January 4th. Finally, Zacks Investment Research lowered shares of PPL Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.45.

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PPL Corp (NYSE:PPL) opened at 37.77 on Thursday. The stock’s 50 day moving average is $37.16 and its 200 day moving average is $34.90. PPL Corp has a 12-month low of $32.08 and a 12-month high of $39.92. The stock has a market capitalization of $25.71 billion, a PE ratio of 13.54 and a beta of 0.45.

PPL Corp (NYSE:PPL) last released its quarterly earnings data on Wednesday, February 1st. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. PPL Corp had a net margin of 25.30% and a return on equity of 16.76%. The firm earned $1.83 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis.

A number of large investors have recently modified their holdings of PPL. Pure Financial Advisors Inc. raised its stake in shares of PPL Corp by 1.1% in the first quarter. Pure Financial Advisors Inc. now owns 7,460 shares of the utilities provider’s stock valued at $279,000 after buying an additional 82 shares during the last quarter. First Command Financial Services Inc. raised its stake in shares of PPL Corp by 1.6% in the first quarter. First Command Financial Services Inc. now owns 6,530 shares of the utilities provider’s stock valued at $244,000 after buying an additional 100 shares during the last quarter. Trust Co raised its stake in shares of PPL Corp by 0.8% in the fourth quarter. Trust Co now owns 12,175 shares of the utilities provider’s stock valued at $415,000 after buying an additional 101 shares during the last quarter. Mercer Capital Advisers Inc. raised its stake in shares of PPL Corp by 1.0% in the third quarter. Mercer Capital Advisers Inc. now owns 10,101 shares of the utilities provider’s stock valued at $349,000 after buying an additional 104 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. raised its stake in shares of PPL Corp by 0.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 12,890 shares of the utilities provider’s stock valued at $482,000 after buying an additional 108 shares during the last quarter. 71.29% of the stock is owned by institutional investors.

In related news, SVP Joanne H. Raphael sold 4,035 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $36.57, for a total value of $147,559.95. Following the completion of the sale, the senior vice president now owns 16,799 shares of the company’s stock, valued at approximately $614,339.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert A. Symons sold 12,703 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $37.60, for a total transaction of $477,632.80. Following the completion of the sale, the insider now directly owns 1 shares of the company’s stock, valued at approximately $37.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,521 shares of company stock valued at $5,621,198. Insiders own 0.42% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.18%. This is a positive change from PPL Corp’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, March 8th. PPL Corp’s payout ratio is 54.48%.

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. PPL operates through U.K.

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