PPL Corp (NYSE:PPL) insider Robert A. Symons sold 12,703 shares of the company’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $37.60, for a total transaction of $477,632.80. Following the transaction, the insider now owns 1 shares of the company’s stock, valued at $37.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of PPL Corp (NYSE:PPL) traded down 0.3891% during mid-day trading on Monday, reaching $37.4537. 1,449,876 shares of the company’s stock were exchanged. PPL Corp has a one year low of $32.08 and a one year high of $39.92. The company has a 50 day moving average price of $36.36 and a 200-day moving average price of $34.58. The stock has a market cap of $25.49 billion, a PE ratio of 13.4243 and a beta of 0.45.
PPL Corp (NYSE:PPL) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.08. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $2.06 billion. PPL Corp had a net margin of 25.30% and a return on equity of 16.76%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, analysts predict that PPL Corp will post $2.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 10th will be given a dividend of $0.395 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.58 annualized dividend and a dividend yield of 4.20%. This is a boost from PPL Corp’s previous quarterly dividend of $0.38. PPL Corp’s dividend payout ratio (DPR) is 54.48%.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of PPL Corp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, December 1st. Goldman Sachs Group Inc cut shares of PPL Corp from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $34.00 to $33.00 in a research note on Tuesday, January 17th. Barclays PLC reissued a “hold” rating and issued a $38.00 price objective on shares of PPL Corp in a research note on Thursday, February 2nd. Jefferies Group LLC boosted their price objective on shares of PPL Corp from $35.00 to $36.50 and gave the stock a “hold” rating in a research note on Thursday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $37.00 price objective on shares of PPL Corp in a research note on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. PPL Corp currently has an average rating of “Hold” and a consensus price target of $37.39.
Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in PPL Corp during the fourth quarter valued at $136,000. Canada Pension Plan Investment Board boosted its stake in PPL Corp by 17.8% in the third quarter. Canada Pension Plan Investment Board now owns 187,548 shares of the company’s stock valued at $6,484,000 after buying an additional 28,400 shares during the period. Hennessy Advisors Inc. boosted its stake in PPL Corp by 13.0% in the third quarter. Hennessy Advisors Inc. now owns 526,819 shares of the company’s stock valued at $18,212,000 after buying an additional 60,600 shares during the period. Bollard Group LLC boosted its stake in PPL Corp by 0.9% in the third quarter. Bollard Group LLC now owns 290,969 shares of the company’s stock valued at $10,059,000 after buying an additional 2,725 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its stake in PPL Corp by 3.2% in the third quarter. BlackRock Japan Co. Ltd now owns 890,164 shares of the company’s stock valued at $30,773,000 after buying an additional 27,693 shares during the period. Hedge funds and other institutional investors own 71.29% of the company’s stock.
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. PPL operates through U.K.
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