PPL Corp (PPL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of PPL Corp (NYSE:PPL) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.69.

A number of research analysts have recently commented on PPL shares. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a research note on Tuesday, December 19th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, December 12th. SunTrust Banks started coverage on PPL in a research note on Tuesday, October 10th. They issued a “buy” rating and a $43.00 price target for the company. Guggenheim reiterated a “hold” rating and issued a $32.00 price target on shares of PPL in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target on shares of PPL in a research note on Thursday, November 30th.

Shares of PPL (NYSE:PPL) opened at $30.88 on Friday. PPL has a 12 month low of $30.44 and a 12 month high of $40.20. The firm has a market capitalization of $21,260.00, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a $0.395 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a yield of 5.12%. PPL’s payout ratio is 71.49%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cutler Capital Management LLC acquired a new stake in PPL in the third quarter valued at $114,000. Green Square Capital LLC acquired a new stake in PPL in the third quarter valued at $215,000. Pinebridge Investments L.P. acquired a new stake in PPL in the second quarter valued at $224,000. Cable Hill Partners LLC increased its holdings in PPL by 5,417.6% in the third quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 6,447 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in PPL in the third quarter valued at $251,000. Institutional investors and hedge funds own 71.24% of the company’s stock.

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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.

Analyst Recommendations for PPL (NYSE:PPL)

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