Somewhat Favorable Media Coverage Somewhat Unlikely to Affect PPL Corporation (PPL) Stock Price
Media headlines about PPL Corporation (NYSE:PPL) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PPL Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 47.7341105522452 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- PPL Corporation’s (NYSE:PPL) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- PPL reports earnings drop (standardspeaker.com)
- [$$] 2 Utilities to Help Protect Your Portfolio (finance.yahoo.com)
- PPL Corporation (PPL) VP Joseph P. Bergstein, Jr. Sells 2,983 Shares (americanbankingnews.com)
- PPL Corporation (NYSE:PPL) Insider Vincent Sorgi Sells 5,600 Shares (americanbankingnews.com)
Several research analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $43.50 target price (up from $42.00) on shares of PPL Corporation in a report on Wednesday. BidaskClub cut PPL Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $38.00 in a report on Monday, June 26th. Finally, Barclays PLC restated an “equal weight” rating and set a $41.00 target price (up from $38.00) on shares of PPL Corporation in a report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. PPL Corporation presently has an average rating of “Hold” and a consensus target price of $38.72.
PPL Corporation (NYSE PPL) opened at 38.60 on Thursday. The company has a 50-day moving average price of $38.45 and a 200-day moving average price of $37.58. The firm has a market capitalization of $26.37 billion, a PE ratio of 14.46 and a beta of 0.49. PPL Corporation has a 12-month low of $32.08 and a 12-month high of $40.20.
PPL Corporation (NYSE:PPL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $0.56 earnings per share. PPL Corporation’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that PPL Corporation will post $2.16 earnings per share for the current year.
In related news, insider Vincent Sorgi sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total transaction of $218,400.00. Following the sale, the insider now owns 97 shares in the company, valued at $3,783. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory N. Dudkin sold 8,228 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $39.55, for a total transaction of $325,417.40. Following the sale, the insider now owns 39,693 shares in the company, valued at approximately $1,569,858.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,740 shares of company stock worth $773,067. 0.42% of the stock is owned by company insiders.
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.
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