The stock of PPL Corp (NYSE:PPL) hit a new 52-week low and has $30.76 target or 5.00% below today’s $32.38 share price. The 7 months bearish chart indicates high risk for the $21.86 billion company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $30.76 price target is reached, the company will be worth $1.09B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 4.65 million shares traded hands. PPL Corp (NYSE:PPL) has declined 8.89% since March 4, 2016 and is downtrending. It has underperformed by 16.93% the S&P500.
Analysts await PPL Corp (NYSE:PPL) to report earnings on November, 3. They expect $0.57 earnings per share, up 11.76% or $0.06 from last year’s $0.51 per share. PPL’s profit will be $384.81 million for 14.20 P/E if the $0.57 EPS becomes a reality. After $0.56 actual earnings per share reported by PPL Corp for the previous quarter, Wall Street now forecasts 1.79% EPS growth.
PPL Corp (NYSE:PPL) Ratings Coverage
Out of 9 analysts covering PPL Corporation (NYSE:PPL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. PPL Corporation has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Evercore on Monday, February 8 to “Hold”. Wolfe Research upgraded the shares of PPL in a report on Wednesday, September 14 to “Outperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Monday, October 19. Guggenheim downgraded PPL Corp (NYSE:PPL) on Wednesday, August 10 to “Neutral” rating. As per Wednesday, August 10, the company rating was maintained by Jefferies. Argus Research maintained the stock with “Buy” rating in Thursday, December 31 report. Jefferies downgraded PPL Corp (NYSE:PPL) on Thursday, July 14 to “Hold” rating. The rating was downgraded by Deutsche Bank to “Hold” on Friday, February 5. The firm has “Equalweight” rating given on Monday, July 18 by Barclays Capital. UBS upgraded PPL Corp (NYSE:PPL) on Friday, September 18 to “Buy” rating.
According to Zacks Investment Research, “Headquartered in Allentown, Pa., PPL Corporation is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. The company and its 13,000 employees are dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners.”
Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.05, from 1.27 in 2016Q1. The ratio improved, as 38 funds sold all PPL Corp shares owned while 217 reduced positions. 66 funds bought stakes while 271 increased positions. They now own 459.35 million shares or 3.64% less from 476.71 million shares in 2016Q1.
Quantitative Inv Management Ltd Liability Corporation reported 35,300 shares or 0.06% of all its holdings. Dekabank Deutsche Girozentrale reported 205,602 shares or 0.09% of all its holdings. Moreover, Canada Pension Plan Invest Board has 0.02% invested in PPL Corp (NYSE:PPL) for 159,148 shares. Wealthtrust accumulated 0% or 50 shares. Trust Of Toledo Na Oh last reported 0.41% of its portfolio in the stock. Maryland Capital Mngmt has 0.32% invested in the company for 53,810 shares. Community National Bank Na has invested 0.09% of its portfolio in PPL Corp (NYSE:PPL). Moreover, Babson Cap Mgmt Limited Co has 0.06% invested in PPL Corp (NYSE:PPL) for 58,602 shares. Brookstone Cap Mngmt has 15,255 shares for 0.08% of their US portfolio. Banced Corporation owns 19,394 shares or 1.2% of their US portfolio. First Lp last reported 0.2% of its portfolio in the stock. Moreover, Meiji Yasuda Life Co has 0.2% invested in PPL Corp (NYSE:PPL) for 32,880 shares. Moreover, Pnc Serv has 0.05% invested in PPL Corp (NYSE:PPL) for 1.09M shares. Moreover, Sage Fincl Group Incorporated has 0.01% invested in PPL Corp (NYSE:PPL) for 500 shares. Shell Asset accumulated 0.07% or 81,493 shares.
More news for PPL Corp (NYSE:PPL) were recently published by: Forbes.com, which released: “Notable Friday Option Activity: PPL, WDC, KCG” on September 23, 2016. Prnewswire.com‘s article titled: “Electric Utilities Stocks Under Scanner — PPL Corp., AES Corp., Entergy, and …” and published on September 19, 2016 is yet another important article.
PPL Company Profile
PPL Corporation (PPL), incorporated on March 15, 1994, is a utility holding company. Through its subsidiaries, PPL delivers electricity to clients in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to clients in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through three divisions: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment.
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