PPL Corporation (NYSE:PPL) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.06.

A number of research firms have recently commented on PPL. Zacks Investment Research raised shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday. BidaskClub raised shares of PPL Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $43.50 price objective (up from $42.00) on shares of PPL Corporation in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) raised shares of PPL Corporation from a “sell” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, ValuEngine raised shares of PPL Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

In other PPL Corporation news, insider Gregory N. Dudkin sold 8,228 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $39.55, for a total transaction of $325,417.40. Following the transaction, the insider now owns 39,693 shares in the company, valued at $1,569,858.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $38.55, for a total transaction of $112,912.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,391 shares of company stock worth $2,181,282. 0.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPL. Kistler Tiffany Companies LLC raised its holdings in PPL Corporation by 0.4% during the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares during the last quarter. Parallel Advisors LLC raised its holdings in PPL Corporation by 6.1% during the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares during the last quarter. Focused Wealth Management Inc raised its holdings in PPL Corporation by 352.0% during the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in PPL Corporation by 0.9% during the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in PPL Corporation by 11.3% during the first quarter. Assetmark Inc. now owns 4,933 shares of the utilities provider’s stock worth $184,000 after buying an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.

PPL Corporation (NYSE PPL) traded up 1.00% during midday trading on Friday, reaching $39.55. 3,090,379 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $38.89 and its 200 day moving average price is $38.28. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 16.56 and a beta of 0.49. PPL Corporation has a 1-year low of $32.08 and a 1-year high of $40.20.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, September 7th. PPL Corporation’s dividend payout ratio is presently 66.11%.

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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.

Analyst Recommendations for PPL Corporation (NYSE:PPL)

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