PPL Co. (NYSE:PPL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PPL Co. (NYSE:PPLGet Rating) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.67.

PPL has been the subject of several analyst reports. Guggenheim decreased their price objective on PPL from $33.00 to $27.00 in a report on Monday, October 24th. Wells Fargo & Company reduced their price target on PPL from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Bank of America raised PPL from a “neutral” rating to a “buy” rating and upped their price target for the stock from $29.00 to $33.00 in a report on Monday, August 15th. Evercore ISI upped their price target on PPL to $32.00 in a report on Tuesday, August 9th. Finally, Seaport Res Ptn raised PPL from a “neutral” rating to a “buy” rating in a report on Thursday, October 6th.

PPL Stock Up 0.5 %

Shares of NYSE PPL opened at $28.22 on Tuesday. 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 $20.78 billion, a PE ratio of 29.71 and a beta of 0.77. PPL has a 12-month low of $23.47 and a 12-month high of $30.99. The stock’s fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $27.94.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a $0.225 dividend. The ex-dividend date is Thursday, December 8th. This represents a $0.90 annualized dividend and a yield of 3.19%. PPL’s payout ratio is 94.74%.

Insider Buying and Selling

In related news, CFO Joseph P. Bergstein, Jr. sold 20,645 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $30.41, for a total value of $627,814.45. Following the completion of the transaction, the chief financial officer now directly owns 31,469 shares in the company, valued at $956,972.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its stake in PPL by 16.0% during the third quarter. Glenmede Trust Co. NA now owns 63,885 shares of the utilities provider’s stock worth $1,619,000 after purchasing an additional 8,806 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of PPL by 18.1% in the third quarter. Captrust Financial Advisors now owns 81,563 shares of the utilities provider’s stock valued at $2,068,000 after acquiring an additional 12,482 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of PPL by 4.9% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 26,383 shares of the utilities provider’s stock valued at $669,000 after acquiring an additional 1,241 shares in the last quarter. Kentucky Retirement Systems raised its stake in shares of PPL by 5.5% in the third quarter. Kentucky Retirement Systems now owns 57,627 shares of the utilities provider’s stock valued at $1,461,000 after acquiring an additional 3,009 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in shares of PPL in the third quarter valued at $37,804,000. 69.45% of the stock is currently owned by institutional investors and hedge funds.

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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