The PPL Corp. (PPL) Stock Rating Lowered by Goldman Sachs Group Inc.

The PPL Corp. (PPL) Stock Rating Lowered by Goldman Sachs Group Inc.

PPL Corp. (NYSE:PPL) was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a research note issued on Tuesday. They presently have a $33.00 target price on the stock, down from their prior target price of $34.00. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 4.46% from the company’s previous close.

A number of other brokerages have also recently commented on PPL. Argus reaffirmed a “buy” rating and issued a $39.00 target price (up from $2.00) on shares of PPL Corp. in a report on Tuesday, December 20th. Zacks Investment Research cut shares of PPL Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. RBC Capital Markets reaffirmed a “hold” rating and issued a $37.00 target price on shares of PPL Corp. in a report on Wednesday, January 4th. Jefferies Group reaffirmed a “hold” rating and issued a $37.00 target price on shares of PPL Corp. in a report on Tuesday, October 25th. Finally, Bank of America Corp. cut shares of PPL Corp. from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. PPL Corp. presently has a consensus rating of “Hold” and an average target price of $37.54.

Shares of PPL Corp. (NYSE:PPL) opened at 34.54 on Tuesday. The firm has a market capitalization of $23.47 billion, a PE ratio of 12.83 and a beta of 0.40. PPL Corp. has a 12-month low of $32.08 and a 12-month high of $39.92. The company has a 50-day moving average price of $34.02 and a 200 day moving average price of $34.72.

PPL Corp. (NYSE:PPL) last announced its earnings results on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. PPL Corp. had a net margin of 24.59% and a return on equity of 15.66%. The business earned $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that PPL Corp. will post $2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th were issued a $0.38 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.40%. PPL Corp.’s dividend payout ratio (DPR) is presently 56.30%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in PPL Corp. by 83.3% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 408,895 shares of the company’s stock valued at $15,436,000 after buying an additional 185,835 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in PPL Corp. by 17.8% in the third quarter. Canada Pension Plan Investment Board now owns 187,548 shares of the company’s stock valued at $6,484,000 after buying an additional 28,400 shares in the last quarter. Retirement Systems of Alabama raised its stake in PPL Corp. by 0.6% in the second quarter. Retirement Systems of Alabama now owns 727,815 shares of the company’s stock valued at $27,475,000 after buying an additional 4,315 shares in the last quarter. Hennessy Advisors Inc. raised its stake in PPL Corp. by 13.0% in the third quarter. Hennessy Advisors Inc. now owns 526,819 shares of the company’s stock valued at $18,212,000 after buying an additional 60,600 shares in the last quarter. Finally, Bollard Group LLC raised its stake in PPL Corp. by 0.9% in the third quarter. Bollard Group LLC now owns 290,969 shares of the company’s stock valued at $10,059,000 after buying an additional 2,725 shares in the last quarter. 68.90% of the stock is owned by institutional investors.

PPL Corp. 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. It operates through three segments: U.K.

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