PPL Co. (NYSE:PPL) Receives Consensus Recommendation of “Hold” from Analysts

PPL Co. (NYSE:PPLGet Rating) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.60.

A number of equities research analysts have commented on the company. StockNews.com initiated coverage on PPL in a report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group started coverage on shares of PPL in a research report on Monday, April 25th. They set an “outperform” rating and a $33.00 target price on the stock. Mizuho dropped their target price on shares of PPL from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, February 24th. Wells Fargo & Company boosted their price target on PPL from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 2nd. Finally, Wolfe Research raised PPL from a “peer perform” rating to an “outperform” rating and raised their price objective for the company from $28.00 to $30.00 in a research note on Wednesday, March 9th.

NYSE PPL opened at $28.80 on Friday. 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 stock has a market capitalization of $21.19 billion, a P/E ratio of -15.08 and a beta of 0.74. PPL has a 52-week low of $25.26 and a 52-week high of $30.72. The firm has a 50-day moving average price of $27.96 and a 200 day moving average price of $28.64.

PPL (NYSE:PPLGet Rating) last issued its earnings results on Thursday, May 5th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. PPL had a positive return on equity of 5.88% and a negative net margin of 25.59%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts expect that PPL will post 1.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, March 9th. PPL’s dividend payout ratio (DPR) is presently -41.88%.

Several large investors have recently added to or reduced their stakes in the company. BOKF NA purchased a new stake in PPL during the 3rd quarter worth about $3,780,000. Rockland Trust Co. increased its position in PPL by 9.7% during the 4th quarter. Rockland Trust Co. now owns 42,416 shares of the utilities provider’s stock worth $1,275,000 after purchasing an additional 3,752 shares in the last quarter. Investors Financial Group LLC purchased a new stake in PPL during the 4th quarter worth about $202,000. CWM LLC purchased a new stake in PPL during the 4th quarter worth about $218,000. Finally, Assenagon Asset Management S.A. purchased a new stake in PPL during the 4th quarter worth about $8,927,000. 65.63% of the stock is owned by institutional investors and hedge funds.

About PPL (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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