PPL (PPL) – Analysts’ Recent Ratings Changes

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Several brokerages have updated their recommendations and price targets on shares of PPL (NYSE: PPL) in the last few weeks:

  • 1/14/2019 – PPL was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $29.50 price target on the stock.
  • 1/11/2019 – PPL was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PPL Corp is poised to gain from its capital investment plan that primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has re-established its hedge levels to shield itself from any near-term decline in the GBP .Recent acquisition of Safari Energy could boost its earnings and diverse its revenue stream. However, in the last 12 months, shares of PPL Corporation have underperformed the industry’s rally. The company's operations are subject to stringent emission regulation high debt levels amid rising interest rates and risks of unplanned outage of power plants are some of the headwinds of the company.”
  • 1/7/2019 – PPL had its “average” rating reaffirmed by analysts at Desjardins. They now have a $52.00 price target on the stock.
  • 1/3/2019 – PPL was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the last 12 months, shares of PPL Corporation have underperformed the industry’s rally. PPL Corp.’s operations are subject to stringent emission regulation high debt levels amid rising interest rates and risks of unplanned outage of power plants are some of the headwinds of the company. However, the Company is poised to gain from its capital investment plan that primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has re-established its hedge levels to shield itself from any near-term decline in the GBP .Recent acquisition of Safari Energy could boost its earnings and diverse its revenue stream.”
  • 12/12/2018 – PPL was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last six months, shares of PPL Corporation have outperformed the industry’s rally.  The Company is poised to gain from its capital investment plan that primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has re-established its hedge levels to shield itself from any near-term decline in the GBP .Recent acquisition of Safari Energy could boost its earnings and diverse its revenue stream. However, PPL Corp.’s operations are subject to stringent emission regulation high debt levels amid rising interest rates and risks of unplanned outage of power plants are some of the headwinds of the company.”
  • 12/11/2018 – PPL was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “In the last six months, shares of PPL Corporation have outperformed the industry’s rally.  The Company is poised to gain from its capital investment plan that primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has re-established its hedge levels to shield itself from any near-term decline in the GBP .Recent acquisition of Safari Energy could boost its earnings and diverse its revenue stream. However, PPL Corp.’s operations are subject to stringent emission regulation high debt levels amid rising interest rates and risks of unplanned outage of power plants are some of the headwinds of the company.”
  • 11/21/2018 – PPL was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of NYSE:PPL opened at $28.64 on Monday. PPL Corp has a twelve month low of $25.30 and a twelve month high of $32.46. The company has a market cap of $21.09 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69.

PPL (NYSE:PPL) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.59 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.56 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that PPL Corp will post 2.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, December 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.73%. PPL’s dividend payout ratio is currently 72.89%.

In other news, Chairman Paul W. Thompson sold 4,573 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $28.25, for a total value of $129,187.25. Following the completion of the transaction, the chairman now directly owns 7,419 shares of the company’s stock, valued at approximately $209,586.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joanne H. Raphael sold 22,410 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $31.00, for a total value of $694,710.00. Following the completion of the transaction, the senior vice president now directly owns 39,209 shares of the company’s stock, valued at $1,215,479. The disclosure for this sale can be found here. Insiders sold a total of 31,556 shares of company stock valued at $953,085 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PPL. Cohen & Steers Inc. increased its holdings in PPL by 0.4% during the 3rd quarter. Cohen & Steers Inc. now owns 97,977 shares of the utilities provider’s stock valued at $2,867,000 after purchasing an additional 362 shares in the last quarter. Griffin Asset Management Inc. increased its stake in shares of PPL by 0.4% in the 3rd quarter. Griffin Asset Management Inc. now owns 100,464 shares of the utilities provider’s stock valued at $2,940,000 after buying an additional 399 shares during the period. Moody National Bank Trust Division increased its stake in shares of PPL by 0.8% in the 4th quarter. Moody National Bank Trust Division now owns 72,397 shares of the utilities provider’s stock valued at $2,051,000 after buying an additional 572 shares during the period. Arlington Partners LLC acquired a new stake in shares of PPL in the 4th quarter valued at $28,000. Finally, State of Alaska Department of Revenue increased its stake in shares of PPL by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 140,102 shares of the utilities provider’s stock valued at $3,968,000 after buying an additional 1,503 shares during the period. 75.97% of the stock is owned by institutional investors and hedge funds.

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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