PPL Corporation Forecasted to Earn Q3 2017 Earnings of $0.52 Per Share (PPL)
PPL Corporation (NYSE:PPL) – Stock analysts at SunTrust Banks issued their Q3 2017 earnings per share (EPS) estimates for shares of PPL Corporation in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst A. Agha forecasts that the utilities provider will earn $0.52 per share for the quarter. SunTrust Banks has a “Buy” rating and a $43.00 price target on the stock. SunTrust Banks also issued estimates for PPL Corporation’s Q4 2017 earnings at $0.52 EPS, FY2017 earnings at $2.18 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.60 EPS and FY2019 earnings at $2.45 EPS.
Several other research analysts have also issued reports on the company. BidaskClub lowered PPL Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $43.50 price target (up previously from $42.00) on shares of PPL Corporation in a report on Wednesday, August 9th. Zacks Investment Research lowered PPL Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $38.00 in a research report on Monday, June 26th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PPL Corporation currently has a consensus rating of “Hold” and a consensus price target of $39.35.
PPL Corporation (PPL) opened at 37.92 on Thursday. The stock has a 50 day moving average price of $38.71 and a 200-day moving average price of $38.56. The stock has a market capitalization of $26.01 billion, a PE ratio of 15.87 and a beta of 0.49. PPL Corporation has a 12-month low of $32.37 and a 12-month high of $40.20.
PPL Corporation (NYSE:PPL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business 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 company earned $0.56 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.395 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.58 annualized dividend and a yield of 4.17%. PPL Corporation’s dividend payout ratio is currently 66.11%.
In other news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $38.55, for a total transaction of $112,912.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Joanne H. Raphael sold 35,651 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.50, for a total transaction of $1,408,214.50. Following the transaction, the senior vice president now owns 52,450 shares in the company, valued at $2,071,775. The disclosure for this sale can be found here. Insiders have sold a total of 47,163 shares of company stock worth $1,855,864 over the last quarter. 0.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of PPL Corporation by 0.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 136,496 shares of the utilities provider’s stock valued at $5,102,000 after purchasing an additional 430 shares in the last quarter. Mastrapasqua Asset Management Inc. lifted its stake in shares of PPL Corporation by 38.7% during the first quarter. Mastrapasqua Asset Management Inc. now owns 12,875 shares of the utilities provider’s stock valued at $481,000 after buying an additional 3,595 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of PPL Corporation by 0.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 9,394 shares of the utilities provider’s stock valued at $351,000 after buying an additional 58 shares during the period. AE Wealth Management LLC lifted its stake in shares of PPL Corporation by 21.7% during the first quarter. AE Wealth Management LLC now owns 42,989 shares of the utilities provider’s stock valued at $1,607,000 after buying an additional 7,655 shares during the period. Finally, Comerica Securities Inc. lifted its stake in shares of PPL Corporation by 19.1% during the first quarter. Comerica Securities Inc. now owns 8,744 shares of the utilities provider’s stock valued at $327,000 after buying an additional 1,403 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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