PPL (PPL) Downgraded to “Strong Sell” at ValuEngine

PPL (NYSE:PPL) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

Other analysts have also recently issued reports about the company. UBS reiterated a “buy” rating and set a $36.00 price target (down from $37.00) on shares of PPL in a research report on Friday, February 23rd. SunTrust Banks set a $37.00 price target on PPL and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded PPL from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. TheStreet cut PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. Finally, Deutsche Bank upgraded PPL from a “hold” rating to a “buy” rating and dropped their price target for the stock from $39.00 to $36.00 in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. PPL has a consensus rating of “Hold” and an average target price of $37.15.

Shares of PPL traded down $0.27, reaching $26.74, on Thursday, Marketbeat reports. 6,451,241 shares of the company were exchanged, compared to its average volume of 6,848,860. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.98 and a beta of 0.51. PPL has a 1-year low of $26.88 and a 1-year high of $27.34.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.09 billion. PPL had a return on equity of 15.24% and a net margin of 15.44%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. sell-side analysts predict that PPL will post 2.3 earnings per share for the current year.

In related news, SVP Joanne H. Raphael sold 2,205 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $29.19, for a total value of $64,363.95. Following the sale, the senior vice president now directly owns 16,799 shares in the company, valued at approximately $490,362.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Victor A. Staffieri sold 4,232 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.20, for a total value of $123,574.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,815 shares of company stock worth $257,352. 0.38% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PPL. McKinley Carter Wealth Services Inc. bought a new position in PPL during the 1st quarter valued at $120,000. Taylor Hoffman Wealth Management bought a new position in PPL during the 4th quarter valued at $124,000. Cerebellum GP LLC bought a new position in PPL during the 4th quarter valued at $128,000. Crewe Advisors LLC bought a new position in PPL during the 4th quarter valued at $133,000. Finally, Smithfield Trust Co. boosted its stake in PPL by 131.1% during the 1st quarter. Smithfield Trust Co. now owns 4,958 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 2,813 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PPL (NYSE:PPL)

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