PPL Corp (NYSE:PPL) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.90.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of PPL from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Royal Bank of Canada lowered shares of PPL from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $32.00 to $33.00 in a research report on Friday, March 8th. They noted that the move was a valuation call. Raymond James restated an “average” rating on shares of PPL in a research report on Monday, May 6th. UBS Group cut their target price on shares of PPL from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Finally, Mizuho assumed coverage on shares of PPL in a research report on Monday, June 3rd. They set a “neutral” rating and a $30.00 target price for the company.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Liberty Wealth Management LLC purchased a new position in PPL during the fourth quarter valued at approximately $27,000. Thor Advisors LLC purchased a new position in PPL during the first quarter valued at approximately $35,000. Private Capital Group LLC lifted its holdings in PPL by 68.6% during the first quarter. Private Capital Group LLC now owns 1,111 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 452 shares in the last quarter. Sandy Spring Bank lifted its holdings in PPL by 109.1% during the fourth quarter. Sandy Spring Bank now owns 1,171 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 611 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its holdings in PPL by 129.8% during the first quarter. Resources Investment Advisors Inc. now owns 1,241 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 72.89% of the company’s stock.
PPL (NYSE:PPL) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.03). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 23.79% and a return on equity of 14.52%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Equities research analysts anticipate that PPL will post 2.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be given a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.65 annualized dividend and a yield of 5.23%. PPL’s dividend payout ratio (DPR) is 68.75%.
PPL Company Profile
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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