PPL Corporation (NYSE:PPL) VP Joseph P. Bergstein, Jr. sold 2,983 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total value of $116,337.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Joseph P. Bergstein, Jr. also recently made the following trade(s):
- On Monday, July 24th, Joseph P. Bergstein, Jr. sold 2,929 shares of PPL Corporation stock. The stock was sold at an average price of $38.55, for a total value of $112,912.95.
Shares of PPL Corporation (NYSE:PPL) opened at 38.83 on Wednesday. The stock has a market capitalization of $26.53 billion, a PE ratio of 14.54 and a beta of 0.49. PPL Corporation has a one year low of $32.08 and a one year high of $40.20. The firm has a 50-day moving average price of $38.45 and a 200 day moving average price of $37.58.
PPL Corporation (NYSE:PPL) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities analysts expect that PPL Corporation will post $2.16 EPS for the current fiscal year.
Several analysts recently commented on PPL shares. Jefferies Group LLC upgraded PPL Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $39.50 to $42.00 in a research report on Wednesday, July 19th. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Wednesday, July 12th. Barclays PLC reiterated an “equal weight” rating and set a $41.00 price target (up from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. BidaskClub cut PPL Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Deutsche Bank AG boosted their price target on PPL Corporation from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.56.
Several large investors have recently made changes to their positions in PPL. Macquarie Group Ltd. increased its stake in shares of PPL Corporation by 75.2% in the fourth quarter. Macquarie Group Ltd. now owns 752,300 shares of the utilities provider’s stock worth $25,616,000 after buying an additional 323,000 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of PPL Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 590,288 shares of the utilities provider’s stock worth $22,071,000 after buying an additional 17,878 shares in the last quarter. Catawba Capital Management VA acquired a new stake in shares of PPL Corporation during the first quarter worth approximately $208,000. Gulf International Bank UK Ltd increased its stake in shares of PPL Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 211,038 shares of the utilities provider’s stock worth $7,890,000 after buying an additional 2,750 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC increased its stake in shares of PPL Corporation by 82.7% in the first quarter. Dynamic Advisors Solutions LLC now owns 111,249 shares of the utilities provider’s stock worth $4,160,000 after buying an additional 50,373 shares in the last quarter. 71.05% of the stock is owned by institutional investors and hedge funds.
About PPL Corporation
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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