PPL (PPL) Hits New 12-Month Low at $30.92

PPL Corp (NYSE:PPL) hit a new 52-week low during trading on Tuesday . The stock traded as low as $30.92 and last traded at $31.13, with a volume of 6771800 shares traded. The stock had previously closed at $31.19.

Several research firms recently commented on PPL. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, September 5th. Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price objective on shares of PPL in a research report on Thursday, November 30th. KeyCorp reiterated a “hold” rating on shares of PPL in a research report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $42.00 price objective on shares of PPL in a research report on Tuesday. Finally, ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.61.

The company has a market capitalization of $21,240.00, a price-to-earnings ratio of 13.95, a PEG ratio of 2.04 and a beta of 0.48. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79.

PPL (NYSE:PPL) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. PPL had a net margin of 20.60% and a return on equity of 15.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. equities analysts forecast that PPL Corp will post 2.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Thursday, December 7th. PPL’s dividend payout ratio is currently 71.49%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in shares of PPL by 14.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,714,803 shares of the utilities provider’s stock valued at $104,954,000 after acquiring an additional 349,588 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in PPL by 2.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,632,511 shares of the utilities provider’s stock worth $99,904,000 after purchasing an additional 60,397 shares in the last quarter. Lord Abbett & CO. LLC increased its position in PPL by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,435,800 shares of the utilities provider’s stock worth $94,168,000 after purchasing an additional 7,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in PPL by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,997,296 shares of the utilities provider’s stock worth $75,797,000 after purchasing an additional 15,900 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in PPL by 8.4% during the 3rd quarter. California Public Employees Retirement System now owns 1,825,189 shares of the utilities provider’s stock worth $69,266,000 after purchasing an additional 140,670 shares in the last quarter. 71.24% of the stock is owned by institutional investors.

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About PPL

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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