PPL Corp (PPL) Receives $32.25 Consensus Target Price from Analysts

Shares of PPL Corp (NYSE:PPL) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $32.25.

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Citigroup assumed coverage on PPL in a research note on Thursday, August 23rd. They set a “neutral” rating and a $30.00 target price for the company. TheStreet raised PPL from a “c+” rating to a “b-” rating in a research note on Tuesday, August 28th. Wells Fargo & Co boosted their target price on PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, September 12th.

Shares of PPL stock traded up $0.84 on Monday, hitting $31.09. The stock had a trading volume of 5,855,672 shares, compared to its average volume of 5,443,641. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $22.07 billion, a PE ratio of 13.82, a P/E/G ratio of 2.62 and a beta of 0.41. PPL has a 1 year low of $25.30 and a 1 year high of $34.94.

PPL (NYSE:PPL) last released its earnings results on Thursday, November 1st. The utilities provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.56 EPS. PPL’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts predict that PPL will post 2.34 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date is Friday, December 7th. This represents a $1.64 annualized dividend and a dividend yield of 5.28%. PPL’s dividend payout ratio is currently 72.89%.

Large investors have recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in shares of PPL by 6.3% during the 3rd quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock worth $9,361,000 after acquiring an additional 19,050 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of PPL by 732.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock worth $42,754,000 after acquiring an additional 1,317,600 shares in the last quarter. BB&T Corp boosted its position in shares of PPL by 1.4% during the 3rd quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock worth $5,035,000 after acquiring an additional 2,404 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of PPL by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock worth $4,100,000 after acquiring an additional 3,722 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its position in shares of PPL by 8.6% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 117,604 shares of the utilities provider’s stock worth $3,358,000 after acquiring an additional 9,319 shares in the last quarter. 76.13% of the stock is owned by institutional investors and hedge funds.

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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