PPL Corporation (NYSE:PPL) insider Vincent Sorgi sold 5,600 shares of PPL Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the completion of the transaction, the insider now owns 97 shares of the company’s stock, valued at approximately $3,783. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PPL Corporation (NYSE:PPL) traded up 0.10% on Monday, reaching $38.83. The company’s stock had a trading volume of 1,317,970 shares. PPL Corporation has a 52-week low of $32.08 and a 52-week high of $40.20. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 14.54 and a beta of 0.49. The firm’s 50-day moving average price is $38.48 and its 200-day moving average price is $37.55.

PPL Corporation (NYSE:PPL) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company posted $0.56 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that PPL Corporation will post $2.16 earnings per share for the current year.

WARNING: This report was originally reported by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/07/ppl-corporation-nyseppl-insider-vincent-sorgi-sells-5600-shares.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tompkins Financial Corp raised its position in PPL Corporation by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock valued at $114,000 after buying an additional 1,600 shares during the period. Kistler Tiffany Companies LLC raised its position in PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock valued at $153,000 after buying an additional 15 shares during the period. Parallel Advisors LLC raised its position in PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock valued at $161,000 after buying an additional 243 shares during the period. Focused Wealth Management Inc raised its position in PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock valued at $163,000 after buying an additional 3,400 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock valued at $165,000 after buying an additional 38 shares during the period. 71.05% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the company. BidaskClub downgraded PPL Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Jefferies Group LLC upgraded PPL Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $39.50 to $42.00 in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $38.00 in a research report on Monday, June 26th. Barclays PLC restated an “equal weight” rating and set a $41.00 target price (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. Finally, Deutsche Bank AG boosted their target price on PPL Corporation from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.56.

PPL Corporation 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.

Insider Buying and Selling by Quarter for PPL Corporation (NYSE:PPL)

Receive News & Ratings for PPL Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL Corporation and related companies with MarketBeat.com's FREE daily email newsletter.