PPL Co. (NYSE:PPL – Get Free Report) insider John R. Crockett III sold 1,589 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $33.12, for a total value of $52,627.68. Following the transaction, the insider now directly owns 10,845 shares of the company’s stock, valued at $359,186.40. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
PPL Stock Up 0.4 %
PPL stock opened at $33.59 on Friday. The firm’s 50 day moving average price is $32.94 and its two-hundred day moving average price is $32.18. The firm has a market cap of $24.79 billion, a PE ratio of 29.99, a P/E/G ratio of 2.64 and a beta of 0.83. PPL Co. has a twelve month low of $25.35 and a twelve month high of $35.15. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.07 and a current ratio of 1.29.
PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. PPL had a return on equity of 9.20% and a net margin of 9.95%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company earned $0.43 earnings per share. PPL’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts predict that PPL Co. will post 1.72 EPS for the current fiscal year.
PPL Announces Dividend
Hedge Funds Weigh In On PPL
A number of hedge funds have recently added to or reduced their stakes in PPL. Fortitude Family Office LLC increased its stake in shares of PPL by 195.5% during the 3rd quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 516 shares during the last quarter. Kentucky Trust Co bought a new stake in PPL in the fourth quarter worth $32,000. Ashton Thomas Securities LLC bought a new stake in PPL in the third quarter worth $34,000. Rosenberg Matthew Hamilton increased its position in PPL by 1,092.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,114 shares during the last quarter. Finally, Newton One Investments LLC bought a new position in PPL during the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 76.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. BMO Capital Markets began coverage on PPL in a research report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on PPL in a report on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Barclays reduced their target price on PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Citigroup lifted their price target on PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.
PPL Company Profile
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.
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