PPL (NYSE:PPL) issued its quarterly earnings results on Thursday. The utilities provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07, Bloomberg Earnings reports. PPL had a return on equity of 15.30% and a net margin of 20.60%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business earned $0.60 earnings per share. PPL’s revenue was up 5.1% on a year-over-year basis. PPL updated its FY18 guidance to $2.20-2.40 EPS.
PPL (NYSE PPL) traded up $0.69 during trading hours on Friday, reaching $30.21. The company had a trading volume of 1,651,569 shares, compared to its average volume of 6,315,972. PPL has a fifty-two week low of $29.20 and a fifty-two week high of $40.20. The firm has a market capitalization of $20,740.00, a price-to-earnings ratio of 13.63, a PEG ratio of 1.85 and a beta of 0.46. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.41 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from PPL’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 5.43%. PPL’s dividend payout ratio (DPR) is 71.49%.
PPL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, December 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price objective on shares of PPL in a research note on Thursday, November 30th. SunTrust Banks reaffirmed 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 PPL from a “hold” rating to a “buy” rating and reduced their price objective for the company from $39.00 to $36.00 in a research note on Thursday, January 18th. Finally, ValuEngine raised PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.59.
In other news, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total transaction of $324,041.96. Following the sale, the insider now directly owns 3,406 shares of the company’s stock, valued at $107,425.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.67, for a total value of $295,164.40. Following the sale, the insider now directly owns 25,940 shares in the company, valued at $821,519.80. The disclosure for this sale can be found here. Insiders have sold 44,163 shares of company stock worth $1,395,587 over the last three months. Insiders own 0.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Cutler Capital Management LLC acquired a new stake in shares of PPL during the third quarter valued at about $114,000. Taylor Hoffman Wealth Management acquired a new stake in shares of PPL during the fourth quarter valued at about $124,000. Cerebellum GP LLC acquired a new stake in shares of PPL during the fourth quarter valued at about $128,000. Crewe Advisors LLC acquired a new stake in shares of PPL during the fourth quarter valued at about $133,000. Finally, Calton & Associates Inc. acquired a new stake in shares of PPL during the fourth quarter valued at about $156,000. 73.65% of the stock is currently 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.
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