PPL Co. (NYSE:PPL – Get Rating) insider David J. Bonenberger sold 719 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $26.13, for a total value of $18,787.47. Following the transaction, the insider now owns 34,606 shares of the company’s stock, valued at approximately $904,254.78. The transaction was disclosed in a document filed with the SEC, which is available through this link.
PPL Trading Up 0.0 %
Shares of PPL stock traded up $0.01 on Wednesday, reaching $29.50. 3,500,215 shares of the company’s stock were exchanged, compared to its average volume of 5,296,695. PPL Co. has a 52 week low of $23.47 and a 52 week high of $31.74. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $21.72 billion, a PE ratio of 30.80 and a beta of 0.78. The company’s fifty day simple moving average is $29.37 and its 200 day simple moving average is $28.34.
PPL (NYSE:PPL – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $1.66 billion. PPL had a return on equity of 7.19% and a net margin of 9.86%. As a group, analysts forecast that PPL Co. will post 1.4 EPS for the current year.
PPL Dividend Announcement
Wall Street Analyst Weigh In
PPL has been the subject of several research analyst reports. Morgan Stanley raised their price target on PPL from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Monday. Guggenheim cut their price target on PPL from $33.00 to $27.00 in a report on Monday, October 24th. Barclays assumed coverage on PPL in a report on Wednesday, January 18th. They set an “equal weight” rating for the company. TheStreet upgraded PPL from a “c+” rating to a “b” rating in a report on Tuesday, December 6th. Finally, Wells Fargo & Company lifted their target price on PPL to $34.00 in a report on Wednesday, December 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.40.
Institutional Investors Weigh In On PPL
Institutional investors and hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System raised its position in PPL by 3.3% during the 2nd quarter. New York State Teachers Retirement System now owns 775,402 shares of the utilities provider’s stock valued at $21,037,000 after purchasing an additional 24,440 shares in the last quarter. Victory Capital Management Inc. raised its position in PPL by 13.3% during the 2nd quarter. Victory Capital Management Inc. now owns 946,095 shares of the utilities provider’s stock valued at $25,668,000 after purchasing an additional 111,194 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of PPL by 1.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,988,411 shares of the utilities provider’s stock worth $53,947,000 after acquiring an additional 37,208 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of PPL by 20.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 102,848 shares of the utilities provider’s stock worth $2,607,000 after acquiring an additional 17,527 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of PPL in the 3rd quarter worth $8,024,000. 70.02% of the stock is owned by institutional investors.
PPL Company Profile
PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the two reportable segments: Kentucky Regulated & Pennsylvania Regulated. The Kentucky Regulated segment consists of LKE’s regulated electricity generation, transmission and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company.
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