Wolfe Research upgraded shares of PPL Corp. (NYSE:PPL) from a market perform rating to an outperform rating in a research report report published on Wednesday.

Several other research firms also recently commented on PPL. Zacks Investment Research upgraded shares of PPL Corp. from a sell rating to a hold rating in a report on Thursday, July 14th. Jefferies Group downgraded shares of PPL Corp. from a buy rating to a hold rating and decreased their price objective for the company from $41.50 to $38.00 in a report on Thursday, July 14th. Barclays PLC cut shares of PPL Corp. from an overweight rating to an equal weight rating and boosted their target price for the company from $41.00 to $42.00 in a research report on Monday, June 27th. Vetr raised shares of PPL Corp. from a hold rating to a buy rating and set a $40.00 target price for the company in a research report on Thursday, July 14th. Finally, Credit Suisse Group AG reissued a hold rating and issued a $44.00 target price on shares of PPL Corp. in a research report on Friday, August 5th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $37.86.

Shares of PPL Corp. (NYSE:PPL) opened at 35.09 on Wednesday. The company’s 50 day moving average is $35.69 and its 200-day moving average is $37.13. The firm has a market cap of $23.79 billion, a PE ratio of 13.61 and a beta of 0.35. PPL Corp. has a 12 month low of $30.10 and a 12 month high of $39.92.

PPL Corp. (NYSE:PPL) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. PPL Corp. had a net margin of 23.56% and a return on equity of 14.77%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that PPL Corp. will post $2.35 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a $0.38 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.33%. PPL Corp.’s dividend payout ratio (DPR) is currently 58.69%.

In other news, insider Robert A. Symons sold 13,901 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $37.40, for a total value of $519,897.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph P. Bergstein, Jr. sold 1,581 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $37.06, for a total value of $58,591.86. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QCI Asset Management Inc. NY increased its position in PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock valued at $117,000 after buying an additional 55 shares in the last quarter. Citizens Financial Group Inc RI increased its position in PPL Corp. by 4.2% in the second quarter. Citizens Financial Group Inc RI now owns 3,823 shares of the company’s stock valued at $145,000 after buying an additional 153 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in PPL Corp. by 97.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,040 shares of the company’s stock valued at $153,000 after buying an additional 1,991 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in PPL Corp. by 18.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 4,474 shares of the company’s stock valued at $169,000 after buying an additional 683 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in PPL Corp. by 2,250.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock valued at $177,000 after buying an additional 4,500 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

About PPL Corp.

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. It operates through three segments: U.K.

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