PPL (NYSE:PPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $39.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.65% from the stock’s current price.

According to Zacks, “PPL Corp. is poised to gain from its capital investment plan, which primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has reestablished its hedge levels to shield itself from any near-term decline in the GBP. PPL Corp’s earnings are expected to improve annually by 5-6% in 2017-2020 period, thanks to the contribution from its domestic operations. Shares of PPL Corp. have returned lower than the industry in the last 12 months. PPL Corp.’s operations are also subject to service disruptions in the form of breakdown of equipment and weather, which had an adverse impact on earnings. The high debt level of the company is a concern amid the rising rates.”

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $48.00 price target on shares of PPL in a research note on Thursday, November 30th. KeyCorp reissued a “hold” rating on shares of PPL in a report on Friday, October 20th. SunTrust Banks assumed coverage on PPL in a report on Tuesday, October 10th. They issued a “buy” rating and a $43.00 price objective for the company. ValuEngine raised PPL from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised PPL from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.72.

Shares of PPL (NYSE:PPL) traded up $0.12 on Tuesday, hitting $34.62. 7,836,800 shares of the stock traded hands, compared to its average volume of 3,296,519. The company has a market cap of $23,752.02, a PE ratio of 15.00, a P/E/G ratio of 2.26 and a beta of 0.47. PPL has a one year low of $33.39 and a one year high of $40.20. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79.

PPL (NYSE:PPL) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PPL had a net margin of 20.60% and a return on equity of 15.30%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. equities research analysts forecast that PPL will post 2.18 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cutler Capital Management LLC acquired a new stake in shares of PPL during the third quarter worth $114,000. Parallel Advisors LLC lifted its holdings in shares of PPL by 7.6% during the second quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock worth $175,000 after buying an additional 321 shares in the last quarter. Green Square Capital LLC acquired a new stake in shares of PPL during the third quarter worth $215,000. Pinebridge Investments L.P. acquired a new stake in shares of PPL during the second quarter worth $224,000. Finally, Cable Hill Partners LLC lifted its holdings in shares of PPL by 5,417.6% during the third quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after buying an additional 6,447 shares in the last quarter. 71.31% of the stock is owned by institutional investors.

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About PPL

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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