Shares of PPL Corp (NYSE:PPL) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and two 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 $34.00.

A number of brokerages have recently weighed in on PPL. Mizuho downgraded Cypress Semiconductor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $23.85 in a report on Monday, June 3rd. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a report on Tuesday, June 25th. UBS Group set a $25.00 price target on Macy’s and gave the company a “hold” rating in a report on Friday, May 17th. Finally, Raymond James reiterated an “average” rating on shares of PPL in a report on Monday, May 6th.

In other PPL news, insider Philip Swift sold 3,782 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $30.26, for a total value of $114,443.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Personal Financial Services lifted its position in shares of PPL by 2.1% in the first quarter. First Personal Financial Services now owns 16,457 shares of the utilities provider’s stock worth $522,000 after buying an additional 345 shares during the last quarter. Old North State Trust LLC lifted its position in shares of PPL by 28.4% in the first quarter. Old North State Trust LLC now owns 1,593 shares of the utilities provider’s stock worth $50,000 after buying an additional 352 shares during the last quarter. 6 Meridian lifted its position in shares of PPL by 2.2% in the second quarter. 6 Meridian now owns 16,281 shares of the utilities provider’s stock worth $505,000 after buying an additional 358 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of PPL by 31.7% in the fourth quarter. Captrust Financial Advisors now owns 1,514 shares of the utilities provider’s stock worth $44,000 after buying an additional 364 shares during the last quarter. Finally, Shulman DeMeo Asset Management LLC lifted its position in shares of PPL by 5.8% in the second quarter. Shulman DeMeo Asset Management LLC now owns 7,677 shares of the utilities provider’s stock worth $238,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 72.89% of the company’s stock.

Shares of PPL stock traded down $0.53 on Tuesday, reaching $30.17. 3,724,510 shares of the company were exchanged, compared to its average volume of 3,788,239. The business has a fifty day simple moving average of $30.86. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 12.57 and a beta of 0.54. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.60 and a quick ratio of 0.53. PPL has a fifty-two week low of $27.31 and a fifty-two week high of $32.88.

PPL (NYSE:PPL) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a return on equity of 14.52% and a net margin of 23.79%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, research analysts anticipate that PPL will post 2.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 10th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.65 dividend on an annualized basis and a yield of 5.47%. PPL’s dividend payout ratio (DPR) is currently 68.75%.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Analyst Recommendations for PPL (NYSE:PPL)

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