ValuEngine upgraded shares of PPL Corporation (NYSE:PPL) from a hold rating to a buy rating in a research report released on Friday morning.

PPL has been the subject of a number of other research reports. BidaskClub downgraded PPL Corporation from a buy rating to a hold rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a sell rating to a neutral rating and upped their price objective for the company from $35.00 to $38.00 in a report on Monday, June 26th. Zacks Investment Research upgraded PPL Corporation from a hold rating to a buy rating and set a $42.00 price objective for the company in a report on Wednesday, July 12th. Finally, Jefferies Group LLC upgraded PPL Corporation from a hold rating to a buy rating and upped their price objective for the company from $39.50 to $42.00 in a report on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $38.94.

Shares of PPL Corporation (PPL) opened at 39.11 on Friday. PPL Corporation has a 52 week low of $32.08 and a 52 week high of $40.20. The company’s 50 day moving average is $38.70 and its 200-day moving average is $38.18. The company has a market capitalization of $26.82 billion, a PE ratio of 16.37 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts expect that PPL Corporation will post $2.16 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.04%. PPL Corporation’s payout ratio is 66.11%.

In other news, insider Vincent Sorgi sold 5,600 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 97 shares of the company’s stock, valued at $3,783. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joanne H. Raphael sold 35,651 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $39.50, for a total value of $1,408,214.50. Following the completion of the sale, the senior vice president now directly owns 52,450 shares of the company’s stock, valued at $2,071,775. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,391 shares of company stock valued at $2,181,282. Insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC lifted 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 valued at $153,000 after buying an additional 15 shares during the last quarter. SRS Capital Advisors Inc. lifted 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 valued at $165,000 after buying an additional 38 shares during the last quarter. Concert Wealth Management Inc. lifted 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 valued at $442,000 after buying an additional 46 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted 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 valued at $351,000 after buying an additional 58 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its position in shares of PPL Corporation by 0.8% in the first quarter. Cleararc Capital Inc. now owns 16,634 shares of the utilities provider’s stock valued at $622,000 after buying an additional 125 shares during the last quarter. 70.95% of the stock is owned by institutional investors.

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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Analyst Recommendations for PPL Corporation (NYSE:PPL)

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