PPL Corporation (PPL) Coverage Initiated by Analysts at SunTrust Banks, Inc.

SunTrust Banks, Inc. started coverage on shares of PPL Corporation (NYSE:PPL) in a research report released on Tuesday morning. The firm issued a buy rating and a $43.00 target price on the utilities provider’s stock.

Several other research firms also recently commented on PPL. Zacks Investment Research downgraded shares of PPL Corporation from a buy rating to a hold rating in a research report on Monday, September 11th. ValuEngine upgraded shares of PPL Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub downgraded shares of PPL Corporation from a buy rating to a hold rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded shares of PPL Corporation from a sell rating to a neutral rating and upped their price target for the company from $35.00 to $38.00 in a research report on Monday, June 26th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $43.50 price target (up previously from $42.00) on shares of PPL Corporation in a research report on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $39.35.

PPL Corporation (NYSE PPL) traded up 0.647% during mid-day trading on Tuesday, hitting $38.095. 278,530 shares of the stock were exchanged. PPL Corporation has a 52-week low of $32.35 and a 52-week high of $40.20. The firm has a market cap of $26.13 billion, a price-to-earnings ratio of 15.946 and a beta of 0.49. The company has a 50 day moving average price of $38.74 and a 200 day moving average price of $38.57.

PPL Corporation (NYSE:PPL) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. PPL Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that PPL Corporation will post $2.16 EPS for the current year.

WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/11/ppl-corporation-ppl-coverage-initiated-by-analysts-at-suntrust-banks-inc.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.395 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.58 annualized dividend and a yield of 4.17%. PPL Corporation’s dividend payout ratio is currently 66.11%.

In other PPL Corporation news, insider Vincent Sorgi sold 5,600 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the transaction, the insider now directly owns 97 shares of the company’s stock, valued at approximately $3,783. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $38.55, for a total transaction of $112,912.95. The disclosure for this sale can be found here. Insiders sold a total of 47,163 shares of company stock worth $1,855,864 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of PPL Corporation by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 48,915,860 shares of the utilities provider’s stock worth $1,828,963,000 after purchasing an additional 1,416,622 shares during the period. BlackRock Inc. grew its stake in shares of PPL Corporation by 3,377.9% during the 1st quarter. BlackRock Inc. now owns 47,999,937 shares of the utilities provider’s stock worth $1,794,717,000 after purchasing an additional 46,619,804 shares during the period. State Street Corp grew its stake in shares of PPL Corporation by 0.7% during the 1st quarter. State Street Corp now owns 33,942,872 shares of the utilities provider’s stock worth $1,269,127,000 after purchasing an additional 233,142 shares during the period. FMR LLC grew its stake in shares of PPL Corporation by 11.8% during the 1st quarter. FMR LLC now owns 17,138,572 shares of the utilities provider’s stock worth $640,811,

Several other research firms also recently commented on PPL. Zacks Investment Research downgraded shares of PPL Corporation from a buy rating to a hold rating in a research report on Monday, September 11th. ValuEngine upgraded shares of PPL Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub downgraded shares of PPL Corporation from a buy rating to a hold rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded shares of PPL Corporation from a sell rating to a neutral rating and upped their price target for the company from $35.00 to $38.00 in a research report on Monday, June 26th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $43.50 price target (up previously from $42.00) on shares of PPL Corporation in a research report on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $39.35.

PPL Corporation (NYSE PPL) traded up 0.647% during mid-day trading on Tuesday, hitting $38.095. 278,530 shares of the stock were exchanged. PPL Corporation has a 52-week low of $32.35 and a 52-week high of $40.20. The firm has a market cap of $26.13 billion, a price-to-earnings ratio of 15.946 and a beta of 0.49. The company has a 50 day moving average price of $38.74 and a 200 day moving average price of $38.57.

PPL Corporation (NYSE:PPL) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. PPL Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that PPL Corporation will post $2.16 EPS for the current year.

WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/11/ppl-corporation-ppl-coverage-initiated-by-analysts-at-suntrust-banks-inc.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.395 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.58 annualized dividend and a yield of 4.17%. PPL Corporation’s dividend payout ratio is currently 66.11%.

In other PPL Corporation news, insider Vincent Sorgi sold 5,600 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the transaction, the insider now directly owns 97 shares of the company’s stock, valued at approximately $3,783. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $38.55, for a total transaction of $112,912.95. The disclosure for this sale can be found here. Insiders sold a total of 47,163 shares of company stock worth $1,855,864 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of PPL Corporation by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 48,915,860 shares of the utilities provider’s stock worth $1,828,963,000 after purchasing an additional 1,416,622 shares during the period. BlackRock Inc. grew its stake in shares of PPL Corporation by 3,377.9% during the 1st quarter. BlackRock Inc. now owns 47,999,937 shares of the utilities provider’s stock worth $1,794,717,000 after purchasing an additional 46,619,804 shares during the period. State Street Corp grew its stake in shares of PPL Corporation by 0.7% during the 1st quarter. State Street Corp now owns 33,942,872 shares of the utilities provider’s stock worth $1,269,127,000 after purchasing an additional 233,142 shares during the period. FMR LLC grew its stake in shares of PPL Corporation by 11.8% during the 1st quarter. FMR LLC now owns 17,138,572 shares of the utilities provider’s stock worth $640,811,000 after purchasing an additional 1,812,574 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in shares of PPL Corporation by 12.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 13,918,249 shares of the utilities provider’s stock worth $520,403,000 after purchasing an additional 1,524,365 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

About PPL Corporation

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.

Analyst Recommendations for PPL Corporation (NYSE:PPL)

Receive News & Ratings for PPL Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply