PPL Corp (PPL) Given Consensus Rating of “Hold” by Analysts

PPL Corp (NYSE:PPL) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.05.

Several analysts have issued reports on PPL shares. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and issued a $48.00 price objective on shares of PPL in a research note on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and issued a $42.00 price objective on shares of PPL in a research note on Tuesday, December 26th. Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $39.00 to $36.00 in a research note on Thursday, January 18th. Finally, ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th.

Shares of PPL (PPL) opened at $30.30 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. The stock has a market cap of $20,860.00, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. PPL has a 12 month low of $30.29 and a 12 month high of $40.20.

In other news, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.54, for a total transaction of $324,041.96. Following the completion of the sale, the insider now owns 3,406 shares of the company’s stock, valued at $107,425.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joanne H. Raphael sold 5,045 shares of PPL stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at approximately $760,928. The disclosure for this sale can be found here. Insiders have sold 44,163 shares of company stock valued at $1,395,587 in the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in shares of PPL by 1.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,784,213 shares of the utilities provider’s stock valued at $67,711,000 after acquiring an additional 33,483 shares in the last quarter. California Public Employees Retirement System increased its holdings in PPL by 8.4% during the third quarter. California Public Employees Retirement System now owns 1,825,189 shares of the utilities provider’s stock valued at $69,266,000 after buying an additional 140,670 shares during the period. Cornerstone Capital Management Holdings LLC. increased its holdings in PPL by 34.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 187,554 shares of the utilities provider’s stock valued at $7,117,000 after buying an additional 47,827 shares during the period. KBC Group NV increased its holdings in PPL by 5.0% during the third quarter. KBC Group NV now owns 76,705 shares of the utilities provider’s stock valued at $2,911,000 after buying an additional 3,633 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in PPL by 17.4% during the third quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock valued at $66,100,000 after buying an additional 258,600 shares during the period. 70.93% of the stock is owned by hedge funds and other institutional investors.

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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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