2 weeks Ago By ABMN Staff
Shares of PPL Co. ( NYSE:PPL – Get Free Report ) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company.
The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $35.70. Several research analysts recently weighed in on the stock.
Morgan Stanley lifted their price objective on shares of PPL from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th.
Citigroup raised shares of PPL from a “hold” rating to a “strong-buy” rating in a report on Monday, March 10th. Barclays upped their price objective on shares of PPL from $33.00 to $36.
00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their target price on PPL from $35.00 to $36.
00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Get Our Latest Stock Analysis on PPL PPL Price Performance PPL ( NYSE:PPL – Get Free Report ) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.
34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03).
PPL had a net margin of 10.49% and a return on equity of 8.88%.
The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.09 billion.
As a group, analysts forecast that PPL will post 1.83 EPS for the current year. PPL Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st.
Shareholders of record on Monday, March 10th were paid a $0.2725 dividend. This is a boost from PPL’s previous quarterly dividend of $0.
26. The ex-dividend date was Monday, March 10th. This represents a $1.
09 annualized dividend and a yield of 3.06%. PPL’s payout ratio is presently 90.
08%. Insider Transactions at PPL In other news, COO David J. Bonenberger sold 981 shares of the stock in a transaction that occurred on Tuesday, January 28th.
The stock was sold at an average price of $33.48, for a total value of $32,843.88.
Following the completion of the sale, the chief operating officer now owns 45,414 shares of the company’s stock, valued at approximately $1,520,460.72. This represents a 2.
11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, insider John R.
Crockett III sold 1,589 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.12, for a total transaction of $52,627.
68. Following the completion of the transaction, the insider now directly owns 10,845 shares of the company’s stock, valued at $359,186.40.
This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 5,140 shares of company stock valued at $173,005 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.
Institutional Trading of PPL A number of large investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its holdings in shares of PPL by 10.7% in the 3rd quarter.
Orion Portfolio Solutions LLC now owns 12,703 shares of the utilities provider’s stock valued at $420,000 after purchasing an additional 1,228 shares during the period. Coldstream Capital Management Inc. bought a new stake in PPL in the third quarter valued at approximately $262,000.
Pine Valley Investments Ltd Liability Co acquired a new stake in shares of PPL in the third quarter valued at approximately $225,000. Sanctuary Advisors LLC boosted its stake in shares of PPL by 85.7% during the 3rd quarter.
Sanctuary Advisors LLC now owns 111,288 shares of the utilities provider’s stock worth $3,834,000 after acquiring an additional 51,366 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of PPL by 32.3% during the 3rd quarter.
Wilmington Savings Fund Society FSB now owns 41,169 shares of the utilities provider’s stock worth $1,362,000 after acquiring an additional 10,043 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.
PPL Company Profile ( Get Free Report PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.
The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. Read More Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter .
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