PPL Corp. (NYSE:PPL) announced a quarterly dividend on Friday, November 18th. Stockholders of record on Friday, December 9th will be given a dividend of 0.38 per share on Tuesday, January 3rd. This represents a $1.52 annualized dividend and a dividend yield of 4.63%.

PPL Corp. (NYSE:PPL) traded up 0.46% during midday trading on Friday, hitting $32.98. The stock had a trading volume of 338,494 shares. The company has a market cap of $22.41 billion, a P/E ratio of 12.25 and a beta of 0.41. The firm’s 50-day moving average price is $33.43 and its 200 day moving average price is $36.11. PPL Corp. has a 12 month low of $32.08 and a 12 month high of $39.92.

PPL Corp. (NYSE:PPL) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. PPL Corp. had a return on equity of 15.66% and a net margin of 24.59%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $0.51 EPS. PPL Corp.’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts expect that PPL Corp. will post $2.36 earnings per share for the current fiscal year.

Dividend History for PPL Corp. (NYSE:PPL)

Several hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc RI raised its stake in PPL Corp. by 4.2% in the second quarter. Citizens Financial Group Inc RI now owns 3,823 shares of the company’s stock valued at $145,000 after buying an additional 153 shares in the last quarter. National Asset Management Inc. raised its stake in PPL Corp. by 3.1% in the second quarter. National Asset Management Inc. now owns 6,146 shares of the company’s stock valued at $233,000 after buying an additional 182 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in PPL Corp. by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 6,684 shares of the company’s stock valued at $252,000 after buying an additional 183 shares in the last quarter. Profund Advisors LLC raised its stake in PPL Corp. by 0.7% in the second quarter. Profund Advisors LLC now owns 84,157 shares of the company’s stock valued at $3,177,000 after buying an additional 579 shares in the last quarter. Finally, Veritable L.P. raised its stake in PPL Corp. by 3.3% in the second quarter. Veritable L.P. now owns 19,517 shares of the company’s stock valued at $737,000 after buying an additional 631 shares in the last quarter. 68.61% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on PPL shares. Jefferies Group reiterated a “hold” rating and issued a $37.00 price objective on shares of PPL Corp. in a report on Tuesday, October 25th. Wolfe Research upgraded PPL Corp. from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 14th. Argus dropped their price objective on PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a report on Friday, September 9th. Guggenheim cut PPL Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $44.00 price objective on shares of PPL Corp. in a report on Friday, August 5th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.35.

About PPL Corp.

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. It operates through three segments: U.K.

5 Day Chart for NYSE:PPL

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