Shares of PPL Corporation (NYSE:PPL) have been given an average rating of “Hold” by the eleven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.81.

Several analysts have weighed in on PPL shares. Barclays PLC reiterated an “equal weight” rating and issued a $41.00 price objective (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. BidaskClub downgraded PPL Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, July 12th. Jefferies Group LLC upgraded PPL Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $39.50 to $42.00 in a research report on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $38.00 in a research report on Monday, June 26th.

In related news, insider Vincent Sorgi sold 5,600 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total transaction of $218,400.00. Following the completion of the transaction, the insider now owns 97 shares in the company, valued at $3,783. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $38.55, for a total value of $112,912.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,740 shares of company stock valued at $773,067. 0.42% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Tompkins Financial Corp increased its position in shares of PPL Corporation by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,600 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares in the last quarter. Parallel Advisors LLC increased its position in shares of PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares in the last quarter. Institutional investors own 71.00% of the company’s stock.

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PPL Corporation (NYSE:PPL) traded up 0.65% on Tuesday, reaching $38.92. 1,778,627 shares of the company’s stock traded hands. PPL Corporation has a 12 month low of $32.08 and a 12 month high of $40.20. The firm’s 50-day moving average is $38.34 and its 200 day moving average is $37.85. The firm has a market cap of $26.69 billion, a PE ratio of 16.29 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. Equities analysts predict that PPL Corporation will post $2.15 EPS for the current year.

PPL Corporation Company Profile

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. PPL operates through U.K.

Analyst Recommendations for PPL Corporation (NYSE:PPL)

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