The stock of PPL Corp (NYSE:PPL) is a huge mover today! About 1.94M shares traded hands. PPL Corp (NYSE:PPL) has declined 11.71% since March 9, 2016 and is downtrending. It has underperformed by 19.12% the S&P500.
The move comes after 7 months positive chart setup for the $21.88 billion company. It was reported on Oct, 12 by Barchart.com. We have $42.69 PT which if reached, will make NYSE:PPL worth $6.78 billion more.
Analysts await PPL Corp (NYSE:PPL) to report earnings on November, 3. They expect $0.57 EPS, up 11.76% or $0.06 from last year’s $0.51 per share. PPL’s profit will be $382.68 million for 14.29 P/E if the $0.57 EPS becomes a reality. After $0.56 actual EPS 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 company was maintained on Monday, July 18 by Barclays Capital. Deutsche Bank upgraded PPL Corp (NYSE:PPL) rating on Friday, October 30. Deutsche Bank has “Buy” rating and $36 price target. The stock has “Hold” rating given by Jefferies on Thursday, July 14. The rating was upgraded by UBS on Friday, September 18 to “Buy”. On Monday, June 27 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The stock of PPL Corp (NYSE:PPL) has “Outperform” rating given on Wednesday, September 14 by Wolfe Research. On Wednesday, August 10 the stock rating was maintained by Jefferies with “Hold”. Evercore downgraded PPL Corp (NYSE:PPL) rating on Monday, February 8. Evercore has “Hold” rating and $36 price target. The stock of PPL Corp (NYSE:PPL) earned “Buy” rating by Argus Research on Thursday, December 31. As per Friday, February 5, the company rating was downgraded by Deutsche Bank.
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 Q2 2016. 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.
Zimmer Prtn Lp has invested 0.87% of its portfolio in PPL Corp (NYSE:PPL). Mastrapasqua Asset Mngmt, a Tennessee-based fund reported 8,525 shares. Berkshire Asset Mgmt Limited Com Pa has invested 1.33% of its portfolio in PPL Corp (NYSE:PPL). Fiduciary Tru Com has 0.03% invested in the company for 24,594 shares. State Of Wisconsin Invest Board accumulated 0.1% or 647,729 shares. The New York-based One Natl Association has invested 0.31% in PPL Corp (NYSE:PPL). Pension Serv accumulated 0.15% or 440,284 shares. Utah Retirement Systems has invested 0.12% of its portfolio in PPL Corp (NYSE:PPL). Planning, a California-based fund reported 28,692 shares. Duff Phelps Inv Mgmt has 0.69% invested in the company for 1.22M shares. Los Angeles Mngmt Equity Rech last reported 0.09% of its portfolio in the stock. At National Bank & Trust has 5,833 shares for 0.03% of their US portfolio. Deutsche Bank & Trust Ag reported 2.24M shares or 0.06% of all its holdings. First Interstate Retail Bank last reported 0.02% of its portfolio in the stock. Profund Ltd Liability accumulated 84,157 shares or 0.15% of the stock.
More notable recent PPL Corp (NYSE:PPL) news were published by: Streetinsider.com which released: “Form 4 PPL Corp For: Oct 03 Filed by: CONWAY JOHN W” on August 13, 2003, also Forbes.com with their article: “PPL is Now Oversold (PPL)” published on November 14, 2013, Streetinsider.com published: “PPL Corp. (PPL) Reaffirms FY16 & FY17 EPS Guidance” on October 10, 2016. More interesting news about PPL Corp (NYSE:PPL) were released by: Reuters.com and their article: “BRIEF-PPL Corp -2016 forecast of reported earnings remains $2.43 – $2.63 p…” published on October 10, 2016 as well as Prnewswire.com‘s news article titled: “Electric Utilities Stocks Under Scanner — PPL Corp., AES Corp., Entergy, and …” with publication date: September 19, 2016.
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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