PPL (NYSE:PPL) released its quarterly earnings results on Thursday. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07, Bloomberg Earnings reports. PPL had a return on equity of 15.30% and a net margin of 20.60%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. PPL updated its FY18 guidance to $2.20-2.40 EPS.
PPL (NYSE:PPL) traded down $0.37 during trading on Thursday, reaching $29.74. The company’s stock had a trading volume of 3,832,046 shares, compared to its average volume of 6,251,700. PPL has a one year low of $29.20 and a one year high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. The firm has a market capitalization of $20,500.00, a PE ratio of 13.47, a PEG ratio of 1.89 and a beta of 0.46.
Several research analysts have recently commented on the company. Canaccord Genuity restated a “buy” rating and set a $48.00 price target on shares of PPL in a research report on Thursday, November 30th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, December 12th. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, December 19th. TheStreet cut PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. Finally, Deutsche Bank upgraded PPL from a “hold” rating to a “buy” rating and cut their price target for the company from $39.00 to $36.00 in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. PPL currently has a consensus rating of “Hold” and an average target price of $37.95.
In other news, SVP Joanne H. Raphael sold 5,045 shares of PPL stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now owns 24,080 shares in the company, valued at $760,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total value of $324,041.96. Following the sale, the insider now owns 3,406 shares in the company, valued at approximately $107,425.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,163 shares of company stock worth $1,395,587. 0.40% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC grew its holdings in shares of PPL by 2.6% during the third quarter. LS Investment Advisors LLC now owns 62,802 shares of the utilities provider’s stock worth $2,383,000 after buying an additional 1,601 shares during the last quarter. TIAA FSB boosted its holdings in PPL by 20.5% in the 3rd quarter. TIAA FSB now owns 18,567 shares of the utilities provider’s stock valued at $705,000 after purchasing an additional 3,163 shares in the last quarter. Aperio Group LLC boosted its holdings in PPL by 8.9% in the 3rd quarter. Aperio Group LLC now owns 320,489 shares of the utilities provider’s stock valued at $12,163,000 after purchasing an additional 26,172 shares in the last quarter. Rothschild Investment Corp IL boosted its holdings in PPL by 33.8% in the 3rd quarter. Rothschild Investment Corp IL now owns 9,900 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in PPL by 6.9% in the 3rd quarter. Hudock Capital Group LLC now owns 55,623 shares of the utilities provider’s stock valued at $2,110,000 after purchasing an additional 3,570 shares in the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.
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PPL 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.
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