PPL (PPL) Given “Hold” Rating at Guggenheim

Guggenheim restated their hold rating on shares of PPL (NYSE:PPL) in a research report released on Wednesday. They currently have a $32.00 price objective on the utilities provider’s stock.

A number of other research firms also recently weighed in on PPL. Zacks Investment Research downgraded PPL from a buy rating to a hold rating in a research report on Monday, September 11th. KeyCorp reissued a hold rating on shares of PPL in a research report on Friday, October 20th. SunTrust Banks started coverage on PPL in a report on Tuesday, October 10th. They set a buy rating and a $43.00 price objective on the stock. Canaccord Genuity reiterated a buy rating and issued a $48.00 target price on shares of PPL in a research note on Thursday, November 30th. Finally, Macquarie cut shares of PPL from a neutral rating to an underperform rating and set a $30.00 target price for the company. in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $38.85.

PPL (PPL) traded up $0.08 during trading on Wednesday, hitting $30.75. The stock had a trading volume of 8,302,700 shares, compared to its average volume of 6,100,000. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $21,170.00, a price-to-earnings ratio of 13.91, a PEG ratio of 1.88 and a beta of 0.48. PPL has a twelve month low of $30.44 and a twelve month high of $40.20.

PPL (NYSE:PPL) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. PPL had a return on equity of 15.30% and a net margin of 20.60%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. analysts predict that PPL will post 2.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a $0.395 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.14%. PPL’s payout ratio is 71.49%.

Institutional investors have recently added to or reduced their stakes in the business. Cutler Capital Management LLC acquired a new position in shares of PPL during the 3rd quarter worth approximately $114,000. Green Square Capital LLC acquired a new stake in shares of PPL during the 3rd quarter worth approximately $215,000. Pinebridge Investments L.P. acquired a new stake in shares of PPL during the 2nd quarter worth approximately $224,000. Cable Hill Partners LLC boosted its position in shares of PPL by 5,417.6% during the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 6,447 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of PPL during the 3rd quarter worth approximately $251,000. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

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About PPL

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 (NYSE:PPL)

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