TheStreet Lowers PPL (PPL) to C+

PPL (NYSE:PPL) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on PPL. Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $36.00 in a report on Thursday. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research lowered shares of PPL from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and issued a $39.00 target price on shares of PPL in a report on Tuesday, January 9th. Finally, Guggenheim reissued a “hold” rating and issued a $32.00 target price on shares of PPL in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.50.

PPL (NYSE:PPL) traded down $0.16 during midday trading on Thursday, hitting $31.43. 2,600,000 shares of the stock traded hands, compared to its average volume of 7,450,000. PPL has a 12-month low of $30.44 and a 12-month high of $40.20. The stock has a market cap of $21,640.00, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.94 and a beta of 0.48. 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 released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. PPL had a net margin of 20.60% and a return on equity of 15.30%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. analysts forecast that PPL will post 2.18 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of PPL. Cutler Capital Management LLC bought a new position in PPL in the 3rd quarter worth approximately $114,000. Green Square Capital LLC bought a new position in PPL in the 3rd quarter worth approximately $215,000. Pinebridge Investments L.P. bought a new position in PPL in the 2nd quarter worth approximately $224,000. Cable Hill Partners LLC boosted its stake in PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 6,447 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in PPL in the 3rd quarter worth approximately $251,000. Institutional investors and hedge funds own 71.33% of the company’s stock.

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PPL 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 (NYSE:PPL)

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