Q3 2018 EPS Estimates for PPL Corp (PPL) Increased by SunTrust Banks

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PPL Corp (NYSE:PPL) – Equities research analysts at SunTrust Banks increased their Q3 2018 earnings per share (EPS) estimates for shares of PPL in a research note issued on Wednesday, October 17th, according to Zacks Investment Research. SunTrust Banks analyst A. Agha now anticipates that the utilities provider will post earnings per share of $0.59 for the quarter, up from their previous estimate of $0.53. SunTrust Banks also issued estimates for PPL’s Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $2.36 EPS.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.98 billion. PPL had a net margin of 19.17% and a return on equity of 15.23%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS.

PPL has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of PPL from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th. Deutsche Bank downgraded shares of PPL from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Wells Fargo & Co raised their price target on shares of PPL from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Finally, TheStreet raised shares of PPL from a “c+” rating to a “b-” rating in a report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.18.

Shares of NYSE PPL traded up $0.23 during trading on Thursday, reaching $31.69. 4,855,321 shares of the company traded hands, compared to its average volume of 5,029,537. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69. The company has a market cap of $22.59 billion, a PE ratio of 12.90, a PEG ratio of 2.66 and a beta of 0.40. PPL has a 52-week low of $25.30 and a 52-week high of $37.34.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of PPL by 3.1% in the third quarter. FMR LLC now owns 48,751,387 shares of the utilities provider’s stock worth $1,426,465,000 after buying an additional 1,474,816 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of PPL by 22.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 18,240,865 shares of the utilities provider’s stock worth $520,777,000 after buying an additional 3,388,148 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PPL by 58.2% in the third quarter. Bank of New York Mellon Corp now owns 17,289,874 shares of the utilities provider’s stock worth $505,902,000 after buying an additional 6,361,091 shares during the last quarter. Federated Investors Inc. PA raised its stake in PPL by 0.7% during the 2nd quarter. Federated Investors Inc. PA now owns 14,672,337 shares of the utilities provider’s stock worth $418,896,000 after acquiring an additional 102,265 shares during the period. Finally, Northern Trust Corp raised its stake in PPL by 1.2% during the 2nd quarter. Northern Trust Corp now owns 7,776,543 shares of the utilities provider’s stock worth $222,020,000 after acquiring an additional 89,362 shares during the period. 80.24% of the stock is currently owned by institutional investors.

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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