News articles about PPL Corporation (NYSE:PPL) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PPL Corporation earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Norges Bank Raises Its Ownership in PPL Corporation (PPL) – Modern Readers (modernreaders.com)
- PPL Corporation’s (NYSE:PPL) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- PPL reports earnings drop (standardspeaker.com)
- [$$] 2 Utilities to Help Protect Your Portfolio (finance.yahoo.com)
- PPL Corporation (PPL) VP Joseph P. Bergstein, Jr. Sells 2,983 Shares (americanbankingnews.com)
Shares of PPL Corporation (PPL) traded down 0.67% during mid-day trading on Friday, reaching $38.49. The company’s stock had a trading volume of 1,661,690 shares. The company has a market capitalization of $26.40 billion, a PE ratio of 16.11 and a beta of 0.49. PPL Corporation has a 52-week low of $32.08 and a 52-week high of $40.20. The firm’s 50 day moving average is $38.38 and its 200-day moving average is $37.71.
PPL Corporation (NYSE:PPL) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. PPL Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Analysts forecast that PPL Corporation will post $2.15 EPS for the current year.
PPL has been the subject of a number of research analyst reports. Barclays PLC restated an “equal weight” rating and issued a $41.00 price target (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. Jefferies Group LLC raised their price target on PPL Corporation from $36.50 to $39.00 and gave the company a “hold” rating in a research report on Monday, April 24th. BidaskClub cut PPL Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $38.00 in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. PPL Corporation currently has an average rating of “Hold” and a consensus target price of $38.72.
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In other news, insider Gregory N. Dudkin sold 8,228 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $39.55, for a total transaction of $325,417.40. Following the completion of the sale, the insider now owns 39,693 shares in the company, valued at approximately $1,569,858.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $38.55, for a total value of $112,912.95. The disclosure for this sale can be found here. Insiders sold 19,740 shares of company stock worth $773,067 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.
PPL Corporation 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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