PPL Corporation (PPL) Given Consensus Rating of “Hold” by Analysts
PPL Corporation (NYSE:PPL) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $38.94.
Several research analysts have recently weighed in on PPL shares. Jefferies Group LLC restated a “buy” rating and issued a $43.50 price target (up previously from $42.00) on shares of PPL Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, July 12th. ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. began coverage on PPL Corporation in a research report on Tuesday, October 10th. They set a “buy” rating and a $43.00 price objective for the company. Finally, BidaskClub upgraded PPL Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th.
Shares of PPL Corporation (NYSE:PPL) opened at 37.75 on Friday. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $38.59. PPL Corporation has a 12 month low of $32.46 and a 12 month high of $40.20. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 15.80 and a beta of 0.49.
PPL Corporation (NYSE:PPL) last posted its quarterly earnings results 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 analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Analysts expect that PPL Corporation will post $2.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, September 7th. PPL Corporation’s dividend payout ratio (DPR) is 66.11%.
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In related news, SVP Joanne H. Raphael sold 35,651 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 52,450 shares of the company’s stock, valued at $2,071,775. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Joseph P. Bergstein, Jr. sold 2,983 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $116,337.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,234 shares of company stock valued at $1,742,952. Corporate insiders own 0.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in PPL Corporation by 7.6% during the second quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock valued at $175,000 after buying an additional 321 shares during the last quarter. IHT Wealth Management LLC boosted its stake in PPL Corporation by 5.5% during the first quarter. IHT Wealth Management LLC now owns 5,243 shares of the utilities provider’s stock valued at $197,000 after buying an additional 274 shares during the last quarter. Level Four Advisory Services LLC bought a new position in PPL Corporation during the first quarter valued at approximately $204,000. Tufton Capital Management bought a new position in PPL Corporation during the second quarter valued at approximately $208,000. Finally, Green Square Capital LLC bought a new position in PPL Corporation during the first quarter valued at approximately $211,000. 71.17% of the stock is owned by institutional investors.
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.
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