Traders Sell PPL Corporation (PPL) on Strength (PPL)

Investors sold shares of PPL Corporation (NYSE:PPL) on strength during trading on Thursday. $8.09 million flowed into the stock on the tick-up and $19.84 million flowed out of the stock on the tick-down, for a money net flow of $11.75 million out of the stock. Of all equities tracked, PPL Corporation had the 0th highest net out-flow for the day. PPL Corporation traded up $0.15 for the day and closed at $38.75

A number of equities analysts have weighed in on the company. Jefferies Group LLC reissued a “buy” rating and issued a $43.50 target price (up previously from $42.00) on shares of PPL Corporation in a research report on Wednesday. BidaskClub lowered PPL Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $38.00 in a research report on Monday, June 26th. Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, July 12th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $41.00 target price (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.72.

The firm has a market capitalization of $26.40 billion, a PE ratio of 16.11 and a beta of 0.49. The company’s 50 day moving average is $38.36 and its 200-day moving average is $37.74.

PPL Corporation (NYSE:PPL) last announced 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 company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.56 earnings per share. On average, equities research analysts expect that PPL Corporation will post $2.15 earnings per share for the current fiscal year.

In related news, insider Vincent Sorgi sold 5,600 shares of PPL Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total transaction of $218,400.00. Following the completion of the transaction, the insider now directly owns 97 shares in the company, valued at $3,783. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory N. Dudkin sold 8,228 shares of PPL Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $39.55, for a total value of $325,417.40. Following the transaction, the insider now owns 39,693 shares of the company’s stock, valued at $1,569,858.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,740 shares of company stock valued at $773,067. 0.42% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of PPL. Tompkins Financial Corp boosted its stake in PPL Corporation by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,600 shares during the period. Kistler Tiffany Companies LLC boosted its stake in PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares during the period. Parallel Advisors LLC boosted its stake in PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares during the period. Focused Wealth Management Inc boosted its stake in PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 71.05% of the company’s stock.

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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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