Shares of PPL Corp (NYSE:PPL) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $32.53 and last traded at $33.97, with a volume of 6295300 shares. The stock had previously closed at $33.97.

A number of analysts recently issued reports on the stock. Macquarie downgraded shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Tuesday. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and set a $48.00 target price on shares of PPL in a research report on Thursday, November 30th. KeyCorp reissued a “hold” rating on shares of PPL in a research report on Friday, October 20th. Finally, SunTrust Banks assumed coverage on shares of PPL in a research report on Tuesday, October 10th. They set a “buy” rating and a $43.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.72.

The stock has a market capitalization of $22,320.00, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48.

PPL (NYSE:PPL) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PPL had a return on equity of 15.30% and a net margin of 20.60%. PPL’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. equities research analysts anticipate that PPL Corp will post 2.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, December 7th. PPL’s dividend payout ratio is presently 71.49%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cutler Capital Management LLC purchased a new position in shares of PPL during the 3rd quarter valued at approximately $114,000. Parallel Advisors LLC boosted its stake in shares of PPL by 7.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock valued at $175,000 after buying an additional 321 shares during the last quarter. Green Square Capital LLC purchased a new position in shares of PPL during the 3rd quarter valued at approximately $215,000. Pinebridge Investments L.P. purchased a new position in shares of PPL during the 2nd quarter valued at approximately $224,000. Finally, Cable Hill Partners LLC boosted its stake in shares of PPL by 5,417.6% during the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after buying an additional 6,447 shares during the last quarter. Hedge funds and other institutional investors own 71.24% of the company’s stock.

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About PPL

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.

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