PPL Corp (NYSE:PPL) – KeyCorp issued their Q3 2018 earnings per share estimates for shares of PPL in a report issued on Thursday, October 18th. KeyCorp analyst P. Ridzon anticipates that the utilities provider will earn $0.58 per share for the quarter.

PPL (NYSE:PPL) last released its earnings results on Tuesday, August 7th. The utilities provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.75 billion. PPL had a return on equity of 15.30% and a net margin of 18.08%.

Other equities analysts also recently issued reports about the company. TheStreet upgraded PPL from a “c+” rating to a “b-” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, September 12th. Morgan Stanley boosted their price objective on PPL from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Deutsche Bank downgraded PPL from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Wells Fargo & Co boosted their price objective on PPL from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. PPL currently has a consensus rating of “Hold” and a consensus target price of $34.18.

Shares of PPL stock opened at $31.22 on Monday. PPL has a 52 week low of $25.30 and a 52 week high of $38.19. The stock has a market capitalization of $21.84 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.67 and a beta of 0.51. The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.80.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were given a $0.41 dividend. The ex-dividend date was Friday, September 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.25%. PPL’s dividend payout ratio is currently 72.89%.

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of PPL by 732.4% in the second quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock worth $42,754,000 after buying an additional 1,317,600 shares in the last quarter. Gradient Investments LLC lifted its position in shares of PPL by 6.3% in the third quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock worth $9,361,000 after buying an additional 19,050 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of PPL by 2.7% in the second quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock worth $4,100,000 after buying an additional 3,722 shares in the last quarter. First Command Financial Services Inc. lifted its position in shares of PPL by 103.9% in the second quarter. First Command Financial Services Inc. now owns 6,816 shares of the utilities provider’s stock worth $194,000 after buying an additional 3,474 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd lifted its position in shares of PPL by 8.6% in the second quarter. Redpoint Investment Management Pty Ltd now owns 117,604 shares of the utilities provider’s stock worth $3,358,000 after buying an additional 9,319 shares in the last quarter. Institutional investors own 80.55% of the company’s stock.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Earnings History and Estimates for PPL (NYSE:PPL)

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