PPL Corporation (NYSE:PPL) insider Vincent Sorgi sold 5,600 shares of PPL Corporation 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 $218,400.00. Following the completion of the transaction, the insider now directly owns 97 shares in the company, valued at $3,783. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of PPL Corporation (NYSE:PPL) traded down 0.59% on Thursday, reaching $38.82. The company’s stock had a trading volume of 2,186,644 shares. PPL Corporation has a 52-week low of $32.08 and a 52-week high of $40.20. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 16.25 and a beta of 0.49. The stock has a 50-day moving average of $38.35 and a 200 day moving average of $37.85.
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 Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that PPL Corporation will post $2.15 earnings per share for the current year.
A number of equities analysts recently commented on PPL shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $41.00 price objective (up from $38.00) on shares of PPL Corporation in a research note on Sunday, April 23rd. Jefferies Group LLC boosted their price target on PPL Corporation from $36.50 to $39.00 and gave the company a “hold” rating in a research note on Monday, April 24th. BidaskClub lowered PPL Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have given 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 target price of $38.72.
Several institutional investors have recently made changes to their positions in PPL. Tompkins Financial Corp increased its position in shares of PPL Corporation by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock valued at $114,000 after buying an additional 1,600 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares in the last quarter. Parallel Advisors LLC increased its stake in PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares in the last quarter. Focused Wealth Management Inc increased its stake in PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 71.00% of the company’s stock.
PPL Corporation 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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