PPL Corporation (NYSE:PPL) Receiving Positive Media Coverage, Report Finds
News articles about PPL Corporation (NYSE:PPL) have trended positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PPL Corporation earned a news sentiment score of 0.34 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.0179975250552 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- PPL Corporation 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- PPL Corporation (PPL) Upgraded to Hold by BidaskClub (americanbankingnews.com)
- Susquehanna International Group, Llp Modifies Its Ownership in PPL Corporation (PPL) – Highlight Press (highlightpress.com)
- Susquehanna International Group, Llp Bought A Lot More PPL Corporation (PPL) Stock Last Quarter – Modern Readers (modernreaders.com)
- Analyzing PPL Corporation (PPL) & CMS Energy Corporation (CMS) (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. Barclays PLC reissued an “equal weight” rating and issued a $41.00 price objective (up from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. Jefferies Group LLC raised their price target on shares of PPL Corporation from $36.50 to $39.00 and gave the stock a “hold” rating in a research report on Monday, April 24th. BidaskClub downgraded shares of PPL Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded shares of PPL Corporation from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. PPL Corporation presently has an average rating of “Hold” and an average target price of $38.72.
PPL Corporation (PPL) traded up 0.26% during mid-day trading on Friday, hitting $38.92. 2,413,049 shares of the stock traded hands. The firm has a market capitalization of $26.69 billion, a P/E ratio of 16.29 and a beta of 0.49. The company has a 50-day moving average of $38.35 and a 200 day moving average of $37.89. PPL Corporation has a 1-year low of $32.08 and a 1-year high of $40.20.
PPL Corporation (NYSE:PPL) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that PPL Corporation will post $2.15 EPS for the current year.
In other news, insider Vincent Sorgi sold 5,600 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total value of $218,400.00. Following the completion of the transaction, the insider now directly owns 97 shares of the company’s stock, valued at approximately $3,783. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory N. Dudkin sold 8,228 shares of the business’s stock in a transaction on Monday, June 19th. The stock was 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 directly owns 39,693 shares of the company’s stock, valued at $1,569,858.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,740 shares of company stock valued at $773,067. Corporate insiders own 0.42% of the company’s stock.
About PPL Corporation
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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