PPL (NYSE:PPL) Coverage Initiated by Analysts at Credit Suisse Group

Credit Suisse Group began coverage on shares of PPL (NYSE:PPLGet Rating) in a research note released on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $33.00 target price on the utilities provider’s stock.

A number of other brokerages have also weighed in on PPL. Argus lowered shares of PPL from a buy rating to a hold rating in a report on Monday, April 4th. Wells Fargo & Company boosted their price objective on shares of PPL from $40.00 to $43.00 and gave the stock an equal weight rating in a report on Wednesday, March 2nd. Royal Bank of Canada upgraded shares of PPL from a sector perform rating to an outperform rating and decreased their price objective for the stock from $32.00 to $31.00 in a report on Tuesday, February 22nd. Bank of America boosted their price objective on shares of PPL from $28.00 to $31.00 and gave the stock a neutral rating in a report on Tuesday, January 18th. Finally, TheStreet lowered shares of PPL from a b rating to a c+ rating in a report on Wednesday, February 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $33.60.

Shares of PPL opened at $29.14 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.16 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average price is $27.75 and its 200-day moving average price is $28.64. PPL has a 52 week low of $25.26 and a 52 week high of $30.72. The stock has a market cap of $21.44 billion, a P/E ratio of -15.26 and a beta of 0.79.

PPL (NYSE:PPLGet Rating) last issued its quarterly earnings results on Friday, February 18th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). PPL had a positive return on equity of 5.88% and a negative net margin of 25.59%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that PPL will post 1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. PPL’s dividend payout ratio (DPR) is -41.88%.

Large investors have recently bought and sold shares of the company. Widmann Financial Services Inc. purchased a new stake in shares of PPL in the 4th quarter worth $26,000. Massmutual Trust Co. FSB ADV increased its stake in shares of PPL by 74.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,156 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 494 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of PPL in the 4th quarter worth $32,000. Evolution Advisers Inc. purchased a new stake in shares of PPL in the 4th quarter worth $33,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of PPL in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 63.59% of the company’s stock.

PPL Company Profile (Get Rating)

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia.

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Analyst Recommendations for PPL (NYSE:PPL)

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