PPL Corp (PPL) Receives Consensus Rating of “Hold” from Analysts

Shares of PPL Corp (NYSE:PPL) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.25.

A number of analysts have recently commented on the company. ValuEngine upgraded PPL from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Wells Fargo & Co lifted their target price on PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Zacks Investment Research cut PPL from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Morgan Stanley lifted their target price on PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, Citigroup assumed coverage on PPL in a research report on Thursday, August 23rd. They set a “neutral” rating and a $30.00 target price on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of PPL by 3.1% during the third quarter. FMR LLC now owns 48,751,387 shares of the utilities provider’s stock worth $1,426,465,000 after buying an additional 1,474,816 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of PPL by 22.8% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 18,240,865 shares of the utilities provider’s stock worth $520,777,000 after buying an additional 3,388,148 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PPL by 58.2% during the third quarter. Bank of New York Mellon Corp now owns 17,289,874 shares of the utilities provider’s stock worth $505,902,000 after buying an additional 6,361,091 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of PPL by 0.7% during the second quarter. Federated Investors Inc. PA now owns 14,672,337 shares of the utilities provider’s stock worth $418,896,000 after buying an additional 102,265 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PPL by 1.2% during the second quarter. Northern Trust Corp now owns 7,776,543 shares of the utilities provider’s stock worth $222,020,000 after buying an additional 89,362 shares during the last quarter. 78.35% of the stock is currently owned by hedge funds and other institutional investors.

PPL stock opened at $30.59 on Monday. PPL has a 1-year low of $25.30 and a 1-year high of $36.99. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.51 and a current ratio of 0.58. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 2.61 and a beta of 0.40.

PPL (NYSE:PPL) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.56 earnings per share. PPL’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts anticipate that PPL will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Friday, December 7th. PPL’s dividend payout ratio (DPR) is currently 72.89%.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Analyst Recommendations for PPL (NYSE:PPL)

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