PPL (PPL) Hits New 12-Month Low at $32.53
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.
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.
COPYRIGHT VIOLATION WARNING: “PPL (PPL) Hits New 12-Month Low at $32.53” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/ppl-ppl-hits-new-12-month-low-at-32-53/1775431.html.
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.
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.