PPL (PPL) PT Set at $37.00 by SunTrust Banks

PPL (NYSE:PPL) has been given a $37.00 price objective by analysts at SunTrust Banks in a report issued on Monday. The brokerage presently has a “buy” rating on the utilities provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 23.29% from the company’s current price.

Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, December 12th. Macquarie lowered shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a report on Tuesday, December 19th. KeyCorp restated a “hold” rating on shares of PPL in a report on Friday, October 20th. Guggenheim restated a “hold” rating and issued a $32.00 target price on shares of PPL in a report on Wednesday, January 3rd. Finally, TheStreet lowered shares of PPL from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. PPL has an average rating of “Hold” and a consensus target price of $37.95.

PPL (NYSE:PPL) traded down $0.05 during mid-day trading on Monday, reaching $30.01. 1,366,299 shares of the company’s stock traded hands, compared to its average volume of 6,419,776. PPL has a fifty-two week low of $29.20 and a fifty-two week 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. The company has a market capitalization of $20,695.24, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.85 and a beta of 0.45.

In related news, SVP Joanne H. Raphael sold 5,045 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $159,422.00. Following the transaction, the senior vice president now owns 24,080 shares of the company’s stock, valued at approximately $760,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory N. Dudkin sold 9,320 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the transaction, the insider now directly owns 25,940 shares in the company, valued at approximately $821,519.80. The disclosure for this sale can be found here. Insiders sold a total of 44,163 shares of company stock valued at $1,395,587 in the last 90 days. Company insiders own 0.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in PPL by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,546,957 shares of the utilities provider’s stock worth $264,528,000 after buying an additional 389,800 shares during the period. Bank of New York Mellon Corp increased its stake in PPL by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 6,739,037 shares of the utilities provider’s stock worth $208,573,000 after buying an additional 492,590 shares during the period. Prudential Financial Inc. increased its stake in PPL by 16.5% in the 3rd quarter. Prudential Financial Inc. now owns 5,030,604 shares of the utilities provider’s stock worth $190,912,000 after buying an additional 714,250 shares during the period. UBS Asset Management Americas Inc. increased its stake in PPL by 9.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,147,195 shares of the utilities provider’s stock worth $97,406,000 after buying an additional 264,261 shares during the period. Finally, Swiss National Bank increased its stake in PPL by 0.7% in the 4th quarter. Swiss National Bank now owns 2,762,947 shares of the utilities provider’s stock worth $85,513,000 after buying an additional 19,400 shares during the period. 70.50% of the stock is currently owned by 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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