PPL (PPL) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of PPL (NYSE:PPL) from a sell rating to a hold rating in a research report released on Tuesday.

Several other research firms have also commented on PPL. Deutsche Bank lowered PPL from a buy rating to a hold rating in a research report on Wednesday, August 8th. Wells Fargo & Co lifted their target price on PPL from $32.00 to $33.00 and gave the stock a market perform rating in a research report on Monday, September 17th. Morgan Stanley lifted their target price on PPL from $28.00 to $29.00 and gave the stock an equal weight rating in a research report on Monday, July 16th. Citigroup initiated coverage on PPL in a research report on Thursday, August 23rd. They set a neutral rating and a $30.00 target price on the stock. Finally, Zacks Investment Research raised PPL from a hold rating to a buy rating and set a $34.00 target price on the stock in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. PPL presently has a consensus rating of Hold and a consensus target price of $34.18.

NYSE:PPL opened at $31.82 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.51 and a current ratio of 0.58. PPL has a 12 month low of $25.30 and a 12 month high of $37.34. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 2.69 and a beta of 0.40.

PPL (NYSE:PPL) last released its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $0.56 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that PPL will post 2.34 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in PPL by 732.4% in the second quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock valued at $42,754,000 after buying an additional 1,317,600 shares during the last quarter. Gradient Investments LLC increased its holdings in PPL by 6.3% in the third quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock valued at $9,361,000 after buying an additional 19,050 shares during the last quarter. Baird Financial Group Inc. increased its holdings in PPL by 2.7% in the second quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock valued at $4,100,000 after buying an additional 3,722 shares during the last quarter. BB&T Corp increased its holdings in PPL by 1.4% in the third quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock valued at $5,035,000 after buying an additional 2,404 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd increased its holdings in PPL by 8.6% in the second quarter. Redpoint Investment Management Pty Ltd now owns 117,604 shares of the utilities provider’s stock valued at $3,358,000 after buying an additional 9,319 shares during the last quarter. 77.91% of the stock is currently owned by institutional investors and hedge funds.

About PPL

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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