Traders bought shares of PPL Corp (NYSE:PPL) on weakness during trading hours on Thursday. $96.03 million flowed into the stock on the tick-up and $53.21 million flowed out of the stock on the tick-down, for a money net flow of $42.82 million into the stock. Of all equities tracked, PPL had the 12th highest net in-flow for the day. PPL traded down ($0.59) for the day and closed at $29.52
A number of equities research analysts recently weighed in on PPL shares. Canaccord Genuity restated a “buy” rating and issued a $48.00 price target on shares of PPL in a report on Thursday, November 30th. Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, December 12th. Macquarie lowered PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Tuesday, December 19th. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 target price on shares of PPL in a research note on Tuesday, December 26th. Finally, Guggenheim reaffirmed a “hold” rating and issued a $32.00 target price on shares of PPL in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.59.
The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $20,890.00, a P/E ratio of 14.38, a PEG ratio of 1.82 and a beta of 0.46.
PPL (NYSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. PPL had a return on equity of 14.75% and a net margin of 15.15%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts forecast that PPL Corp will post 2.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from PPL’s previous quarterly dividend of $0.40. PPL’s dividend payout ratio is currently 74.88%.
In other PPL news, insider Vincent Sorgi sold 10,274 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total transaction of $324,041.96. Following the transaction, the insider now owns 3,406 shares of the company’s stock, valued at approximately $107,425.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Victor A. Staffieri sold 19,524 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total value of $616,958.40. Following the transaction, the chairman now directly owns 29,084 shares in the company, valued at approximately $919,054.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,163 shares of company stock worth $1,395,587. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in shares of PPL by 10.4% during the 3rd quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock worth $615,000 after purchasing an additional 1,528 shares during the period. Girard Partners LTD. lifted its stake in shares of PPL by 6.3% during the 4th quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock worth $870,000 after purchasing an additional 1,674 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of PPL by 42.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 1,687 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of PPL by 3.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock worth $1,752,000 after purchasing an additional 1,719 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of PPL by 3.1% during the 4th quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 1,775 shares during the period. 73.65% of the stock is currently owned by institutional investors.
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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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