PPL Corp (PPL) Receives Consensus Rating of “Hold” from Analysts
PPL Corp (NYSE:PPL) has earned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $38.69.
A number of brokerages have weighed in on PPL. ValuEngine upgraded PPL from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, December 12th. Guggenheim restated a “hold” rating and issued a $32.00 target price on shares of PPL in a research note on Wednesday, January 3rd. KeyCorp restated a “hold” rating on shares of PPL in a research note on Friday, October 20th. Finally, SunTrust Banks began coverage on PPL in a research note on Tuesday, October 10th. They issued a “buy” rating and a $43.00 target price for the company.
Institutional investors and hedge funds have recently modified their holdings of the company. Cutler Capital Management LLC acquired a new stake in shares of PPL in the 3rd quarter valued at about $114,000. Green Square Capital LLC acquired a new stake in shares of PPL in the 3rd quarter valued at about $215,000. Pinebridge Investments L.P. acquired a new stake in shares of PPL in the 2nd quarter valued at about $224,000. Cable Hill Partners LLC grew its stake in shares of PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after buying an additional 6,447 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of PPL in the 3rd quarter valued at about $251,000. Institutional investors own 71.24% of the company’s stock.
PPL (NYSE:PPL) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. PPL had a return on equity of 15.30% and a net margin of 20.60%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $0.63 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. sell-side analysts predict that PPL will post 2.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a $0.395 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.58 annualized dividend and a dividend yield of 5.12%. PPL’s dividend payout ratio is presently 71.49%.
PPL 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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