PPL Co. (NYSE:PPL) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.35.
PPL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. SunTrust Banks restated a “buy” rating and issued a $42.00 target price on shares of PPL in a research note on Tuesday, December 26th. Royal Bank of Canada upgraded shares of PPL from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $28.32 to $33.00 in a research note on Tuesday, March 6th. UBS initiated coverage on shares of PPL in a research note on Friday, February 2nd. They issued a “buy” rating and a $40.00 target price on the stock. Finally, ValuEngine downgraded shares of PPL from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
In related news, SVP Joanne H. Raphael sold 5,045 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the transaction, the senior vice president now owns 24,080 shares in the company, valued at approximately $760,928. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Victor A. Staffieri sold 19,524 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $616,958.40. Following the transaction, the chairman now owns 29,084 shares in the company, valued at approximately $919,054.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,978 shares of company stock worth $1,652,939. 0.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PPL. Rothschild Investment Corp IL lifted its position in PPL by 33.8% during the 4th quarter. Rothschild Investment Corp IL now owns 13,250 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 3,350 shares during the period. Thrivent Financial For Lutherans lifted its position in PPL by 123.3% during the 4th quarter. Thrivent Financial For Lutherans now owns 70,056 shares of the utilities provider’s stock valued at $2,168,000 after purchasing an additional 38,688 shares during the period. Macquarie Group Ltd. lifted its position in PPL by 7.0% during the 4th quarter. Macquarie Group Ltd. now owns 562,200 shares of the utilities provider’s stock valued at $11,223,000 after purchasing an additional 36,700 shares during the period. Guggenheim Capital LLC lifted its position in PPL by 14.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,507,527 shares of the utilities provider’s stock valued at $46,658,000 after purchasing an additional 188,605 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in PPL by 53.7% during the 4th quarter. Glenmede Trust Co. NA now owns 29,833 shares of the utilities provider’s stock valued at $922,000 after purchasing an additional 10,426 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
Shares of NYSE:PPL opened at $27.89 on Friday. PPL has a 52 week low of $27.08 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.49 and a current ratio of 0.57. The firm has a market capitalization of $19,627.73, a PE ratio of 12.40, a PEG ratio of 2.04 and a beta of 0.52.
PPL (NYSE:PPL) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. PPL had a net margin of 15.15% and a return on equity of 14.75%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. sell-side analysts forecast that PPL will post 2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were given a dividend of $0.41 per share. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.64 annualized dividend and a yield of 5.88%. PPL’s dividend payout ratio is 72.89%.
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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.
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