PPL (NYSE:PPL) had its price target raised by Morgan Stanley from $29.00 to $30.00 in a research note released on Tuesday morning, Marketbeat.com reports. They currently have a hold rating on the utilities provider’s stock.

A number of other analysts have also commented on PPL. ValuEngine lowered PPL from a sell rating to a strong sell rating in a report on Thursday, May 17th. Zacks Investment Research lowered PPL from a hold rating to a sell rating in a report on Tuesday, June 5th. UBS Group dropped their target price on PPL from $37.00 to $34.00 and set a buy rating on the stock in a report on Friday, June 8th. Deutsche Bank lowered PPL from a buy rating to a hold rating in a report on Wednesday, August 8th. Finally, Citigroup initiated coverage on PPL in a report on Thursday, August 23rd. They set a neutral rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. PPL has an average rating of Hold and an average target price of $34.30.

Shares of PPL stock opened at $30.27 on Tuesday. The stock has a market capitalization of $21.09 billion, a PE ratio of 13.45, a PEG ratio of 2.57 and a beta of 0.50. PPL has a one year low of $25.30 and a one year high of $39.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.52 and a current ratio of 0.58.

PPL (NYSE:PPL) last issued its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. PPL had a return on equity of 15.30% and a net margin of 18.08%. analysts predict that PPL will post 2.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, September 7th. This represents a $1.64 annualized dividend and a yield of 5.42%. PPL’s payout ratio is presently 72.89%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC increased its position in PPL by 444.8% during the second quarter. Archford Capital Strategies LLC now owns 3,868 shares of the utilities provider’s stock worth $110,000 after buying an additional 3,158 shares during the last quarter. Live Your Vision LLC increased its position in PPL by 75.3% during the second quarter. Live Your Vision LLC now owns 4,190 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,800 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in PPL during the first quarter worth approximately $120,000. Squar Milner Financial Services LLC acquired a new position in PPL during the second quarter worth approximately $125,000. Finally, Smithfield Trust Co. increased its position in PPL by 131.1% during the first quarter. Smithfield Trust Co. now owns 4,958 shares of the utilities provider’s stock worth $141,000 after buying an additional 2,813 shares during the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Analyst Recommendations for PPL (NYSE:PPL)

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