ValuEngine lowered shares of PPL (NYSE:PPL) from a hold rating to a sell rating in a report released on Thursday morning, ValuEngine reports.
Other equities research analysts have also issued research reports about the stock. Raymond James reiterated an average rating on shares of PPL in a research note on Monday, May 6th. Zacks Investment Research upgraded shares of PPL from a sell rating to a hold rating and set a $32.00 price target for the company in a research note on Monday, July 22nd. UBS Group decreased their price target on shares of PPL from $37.00 to $36.00 and set a buy rating for the company in a research note on Friday, May 17th. Finally, Mizuho initiated coverage on shares of PPL in a research note on Monday, June 3rd. They set a neutral rating and a $30.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $33.90.
NYSE:PPL traded down $0.06 on Thursday, hitting $29.66. The stock had a trading volume of 4,357,284 shares, compared to its average volume of 3,911,293. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.73. The firm has a market cap of $21.45 billion, a PE ratio of 12.36 and a beta of 0.51. PPL has a 1 year low of $27.31 and a 1 year high of $32.88. The firm’s fifty day simple moving average is $30.69.
PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.03). The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a net margin of 23.79% and a return on equity of 14.52%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Research analysts expect that PPL will post 2.42 EPS for the current fiscal year.
In other news, insider Philip Swift sold 3,782 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $30.26, for a total transaction of $114,443.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PPL. TRUE Private Wealth Advisors purchased a new position in PPL in the 2nd quarter valued at approximately $25,000. Liberty Wealth Management LLC purchased a new position in PPL in the 4th quarter valued at approximately $27,000. Private Capital Group LLC grew its stake in PPL by 68.6% in the 1st quarter. Private Capital Group LLC now owns 1,111 shares of the utilities provider’s stock valued at $35,000 after buying an additional 452 shares in the last quarter. Thor Advisors LLC purchased a new position in PPL in the 1st quarter valued at approximately $35,000. Finally, Kavar Capital Partners LLC purchased a new position in PPL in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 72.87% 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 through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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