PPL Corporation (NYSE:PPL) – KeyCorp issued their FY2018 earnings per share (EPS) estimates for PPL Corporation in a research report issued to clients and investors on Monday. KeyCorp analyst P. Ridzon expects that the utilities provider will earn $2.35 per share for the year.

A number of other brokerages have also issued reports on PPL. BidaskClub lowered PPL Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $38.00 in a research note on Monday, June 26th. Jefferies Group LLC raised their price target on PPL Corporation from $36.50 to $39.00 and gave the stock a “hold” rating in a research note on Monday, April 24th. Barclays PLC reissued an “equal weight” rating and set a $41.00 price target (up from $38.00) on shares of PPL Corporation in a research note on Sunday, April 23rd. Finally, Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. PPL Corporation has an average rating of “Hold” and an average price target of $39.10.

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PPL Corporation (NYSE PPL) traded down 0.26% during trading on Wednesday, hitting $37.99. The stock had a trading volume of 1,981,656 shares. PPL Corporation has a 12 month low of $32.08 and a 12 month high of $40.20. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 14.23 and a beta of 0.50. The stock has a 50 day moving average price of $38.59 and a 200-day moving average price of $37.41.

PPL Corporation (NYSE:PPL) last posted its earnings results on Thursday, May 4th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. PPL Corporation had a return on equity of 16.28% and a net margin of 24.46%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 9th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, June 7th. PPL Corporation’s dividend payout ratio (DPR) is presently 59.18%.

In other news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of PPL Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $38.55, for a total value of $112,912.95. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gregory N. Dudkin sold 8,228 shares of PPL Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $39.55, for a total value of $325,417.40. Following the completion of the transaction, the insider now owns 39,693 shares in the company, valued at $1,569,858.15. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PPL. Kistler Tiffany Companies LLC increased its position in shares of PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares in the last quarter. IFC Holdings Incorporated FL increased its position in shares of PPL Corporation by 0.5% in the first quarter. IFC Holdings Incorporated FL now owns 6,198 shares of the utilities provider’s stock worth $231,000 after buying an additional 31 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares in the last quarter. Concert Wealth Management Inc. increased its position in shares of PPL Corporation by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 13,032 shares of the utilities provider’s stock worth $442,000 after buying an additional 46 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of PPL Corporation by 0.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 9,394 shares of the utilities provider’s stock worth $351,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 71.06% of the company’s stock.

PPL Corporation 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.

Earnings History and Estimates for PPL Corporation (NYSE:PPL)

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