PPL Corporation (NYSE:PPL) VP Joseph P. Bergstein, Jr. sold 2,983 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 $116,337.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joseph P. Bergstein, Jr. also recently made the following trade(s):

  • On Monday, July 24th, Joseph P. Bergstein, Jr. sold 2,929 shares of PPL Corporation stock. The shares were sold at an average price of $38.55, for a total value of $112,912.95.

Shares of PPL Corporation (NYSE PPL) traded up 0.10% during midday trading on Monday, reaching $38.83. The company had a trading volume of 1,318,661 shares. The company has a market capitalization of $26.53 billion, a PE ratio of 14.54 and a beta of 0.49. PPL Corporation has a one year low of $32.08 and a one year high of $40.20. The company has a 50 day moving average of $38.48 and a 200 day moving average of $37.55.

PPL Corporation (NYSE:PPL) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. Analysts predict that PPL Corporation will post $2.16 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in PPL Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 48,915,860 shares of the utilities provider’s stock worth $1,828,963,000 after buying an additional 1,416,622 shares during the last quarter. BlackRock Inc. increased its stake in PPL Corporation by 3,377.9% in the first quarter. BlackRock Inc. now owns 47,999,937 shares of the utilities provider’s stock worth $1,794,717,000 after buying an additional 46,619,804 shares during the last quarter. State Street Corp increased its stake in PPL Corporation by 0.7% in the first quarter. State Street Corp now owns 33,942,872 shares of the utilities provider’s stock worth $1,269,127,000 after buying an additional 233,142 shares during the last quarter. FMR LLC increased its stake in PPL Corporation by 11.8% in the first quarter. FMR LLC now owns 17,138,572 shares of the utilities provider’s stock worth $640,811,000 after buying an additional 1,812,574 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in PPL Corporation by 12.3% in the first quarter. Epoch Investment Partners Inc. now owns 13,918,249 shares of the utilities provider’s stock worth $520,403,000 after buying an additional 1,524,365 shares during the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.

A number of equities analysts have recently commented on the company. BidaskClub cut PPL Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $38.00 in a report on Monday, June 26th. Jefferies Group LLC boosted their price target on PPL Corporation from $36.50 to $39.00 and gave the stock a “hold” rating in a report on Monday, April 24th. Barclays PLC reissued an “equal weight” rating and set a $41.00 price target (up previously from $38.00) on shares of PPL Corporation in a report on Sunday, April 23rd. Finally, Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. PPL Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.56.

About PPL Corporation

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)

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