SunTrust Banks set a $36.00 price target on PPL (NYSE:PPL) in a report issued on Friday. The firm currently has a buy rating on the utilities provider’s stock. SunTrust Banks also issued estimates for PPL’s Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.30 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.44 EPS.
PPL has been the topic of a number of other research reports. Macquarie downgraded PPL from a neutral rating to an underperform rating and set a $30.00 price objective on the stock. in a research note on Tuesday, December 19th. Zacks Investment Research raised PPL from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research note on Tuesday, December 12th. UBS Group initiated coverage on PPL in a research note on Friday, February 2nd. They issued a buy rating and a $40.00 price objective on the stock. ValuEngine downgraded PPL from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued a hold rating and issued a $33.00 price objective on shares of PPL in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. PPL has an average rating of Hold and an average price target of $37.50.
PPL (NYSE PPL) opened at $30.34 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.48 and a current ratio of 0.57. PPL has a 12-month low of $29.20 and a 12-month high of $40.20. The stock has a market capitalization of $20,890.00, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.46.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 8th. This is a positive change from PPL’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.41%. PPL’s payout ratio is 74.88%.
In other news, SVP Joanne H. Raphael sold 5,045 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at $760,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent Sorgi sold 10,274 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total value of $324,041.96. Following the sale, the insider now directly owns 3,406 shares in the company, valued at $107,425.24. The disclosure for this sale can be found here. Insiders have sold 44,163 shares of company stock worth $1,395,587 over the last ninety days. 0.40% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of PPL by 10.4% during the third quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock worth $615,000 after purchasing an additional 1,528 shares during the period. Girard Partners LTD. raised its position in shares of PPL by 6.3% during the fourth quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock worth $870,000 after purchasing an additional 1,674 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of PPL by 42.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 1,687 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of PPL by 3.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock worth $1,752,000 after purchasing an additional 1,719 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of PPL by 3.1% during the fourth quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 1,775 shares during the period. 73.65% of the stock is currently owned by institutional investors.
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.
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