PPL Corporation (PPL) Research Coverage Started at SunTrust Banks, Inc.

SunTrust Banks, Inc. initiated coverage on shares of PPL Corporation (NYSE:PPL) in a research report report published on Tuesday. The firm issued a buy rating and a $43.00 price target on the utilities provider’s stock. SunTrust Banks also issued estimates for PPL Corporation’s Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.52 EPS, FY2017 earnings at $2.18 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.60 EPS and FY2019 earnings at $2.45 EPS.

A number of other equities research analysts have also recently weighed in on PPL. Zacks Investment Research upgraded PPL Corporation from a hold rating to a buy rating and set a $44.00 price objective for the company in a research note on Tuesday, September 5th. Jefferies Group LLC reiterated a buy rating and issued a $43.50 price objective (up previously from $42.00) on shares of PPL Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded PPL Corporation from a sell rating to a hold rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a sell rating to a neutral rating and boosted their price objective for the company from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, ValuEngine upgraded PPL Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $39.35.

PPL Corporation (NYSE:PPL) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share.

WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2958186/ppl-corporation-ppl-research-coverage-started-at-suntrust-banks-inc.html.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.58 annualized dividend and a dividend yield of 4.12%. PPL Corporation’s payout ratio is currently 66.11%.

In other PPL Corporation news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $38.55, for a total transaction of $112,912.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vincent Sorgi sold 5,600 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 97 shares of the company’s stock, valued at approximately $3,783. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,163 shares of company stock worth $1,855,864. Company insiders own 0.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Curbstone Financial Management Corp grew its stake in PPL Corporation by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 17,572 shares of the utilities provider’s stock valued at $667,000 after purchasing an additional 8,786 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in PPL Corporation by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,435,800 shares of the utilities provider’s stock valued at $94,168,000 after purchasing an additional 7,000 shares in the last quarter. Advisory Services Network LLC grew its stake in PPL Corporation by 84.1% during the 2nd quarter. Advisory Services Network LLC now owns 61,838 shares of the utilities provider’s stock valued at $2,391,000 after purchasing an additional 28,249 shares in the last quarter. Sterling Capital Management LLC grew its stake in PPL Corporation by 532.3% during the 2nd quarter. Sterling Capital Management LLC now owns 231,485 shares of the utilities provider’s stock valued at $8,949,000 after purchasing an additional 194,875 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its stake in PPL Corporation by 2.1% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,085 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.