Traders sold shares of PPL Corporation (NYSE:PPL) on strength during trading on Wednesday. $16.41 million flowed into the stock on the tick-up and $46.29 million flowed out of the stock on the tick-down, for a money net flow of $29.88 million out of the stock. Of all equities tracked, PPL Corporation had the 27th highest net out-flow for the day. PPL Corporation traded up $0.19 for the day and closed at $37.65

Several equities analysts have commented on the company. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, September 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $43.50 target price (up from $42.00) on shares of PPL Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded PPL Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and increased their target price for the company from $35.00 to $38.00 in a research report on Monday, June 26th. Finally, ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.94.

The firm’s 50 day moving average is $38.91 and its 200 day moving average is $38.56. The company has a market capitalization of $25.82 billion, a P/E ratio of 15.76 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company posted $0.56 EPS. PPL Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts expect that PPL Corporation will post $2.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Thursday, September 7th. PPL Corporation’s payout ratio is 66.11%.

In other PPL Corporation news, SVP Joanne H. Raphael sold 35,651 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.50, for a total transaction of $1,408,214.50. Following the completion of the transaction, the senior vice president now owns 52,450 shares of the company’s stock, valued at approximately $2,071,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Sorgi sold 5,600 shares of the company’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 value of $218,400.00. Following the transaction, the insider now directly owns 97 shares of the company’s stock, valued at approximately $3,783. The disclosure for this sale can be found here. Insiders have sold a total of 47,163 shares of company stock valued at $1,855,864 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in PPL Corporation by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 243 shares during the last quarter. Focused Wealth Management Inc raised its position in PPL Corporation by 352.0% during the 1st quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 3,400 shares during the last quarter. SRS Capital Advisors Inc. raised its position in PPL Corporation by 0.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock valued at $165,000 after purchasing an additional 38 shares during the last quarter. IHT Wealth Management LLC raised its position in PPL Corporation by 5.5% during the 1st quarter. IHT Wealth Management LLC now owns 5,243 shares of the utilities provider’s stock valued at $197,000 after purchasing an additional 274 shares during the last quarter. Finally, Tradition Capital Management LLC bought a new position in PPL Corporation during the 1st quarter valued at approximately $201,000. 71.01% of the stock is owned by institutional investors and hedge funds.

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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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