The stock of PPL Corp (NYSE:PPL) is a huge mover today! About 2.15M shares traded hands. PPL Corp (NYSE:PPL) has declined 10.97% since April 11, 2016 and is downtrending. It has underperformed by 17.12% the S&P500.
The move comes after 6 months positive chart setup for the $22.42B company. It was reported on Nov, 11 by Barchart.com. We have $47.51 PT which if reached, will make NYSE:PPL worth $9.42B more.
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 firm earned “Neutral” rating on Wednesday, August 10 by Guggenheim. UBS upgraded PPL Corp (NYSE:PPL) on Friday, September 18 to “Buy” rating. Argus Research maintained it with “Buy” rating and $40 target price in Thursday, December 31 report. The firm has “Equal-Weight” rating given on Monday, June 27 by Barclays Capital. The stock of PPL Corp (NYSE:PPL) has “Outperform” rating given on Wednesday, September 14 by Wolfe Research. Evercore downgraded PPL Corp (NYSE:PPL) on Monday, February 8 to “Hold” rating. The firm earned “Hold” rating on Thursday, July 14 by Jefferies. The stock has “Hold” rating given by Jefferies on Wednesday, August 10. Deutsche Bank upgraded the stock to “Buy” rating in Friday, October 30 report. The rating was maintained by Barclays Capital on Monday, July 18 with “Equalweight”.
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.
Vsr Financial Service has 0.05% invested in the company for 7,881 shares. The Massachusetts-based Winslow Evans & Crocker Inc has invested 0% in PPL Corp (NYSE:PPL). Livingston Grp Inc Inc Asset Management (Operating As Southport Cap Management) reported 175 shares or 0% of all its holdings. Atria Investments Limited Co accumulated 29,936 shares or 0.12% of the stock. Trexquant Lp has 0.47% invested in the company for 94,800 shares. Blackrock Japan Communications holds 862,471 shares or 0.12% of its portfolio. Ftb last reported 5,071 shares in the company. Td Asset Inc holds 0.3% of its portfolio in PPL Corp (NYSE:PPL) for 4.32 million shares. The New York-based Zimmer Prtn Ltd Partnership has invested 0.87% in PPL Corp (NYSE:PPL). Moreover, Bollard Group Limited Co has 0.74% invested in PPL Corp (NYSE:PPL) for 288,244 shares. Princeton Alpha Mgmt Ltd Partnership holds 0.3% or 44,270 shares in its portfolio. Brick And Kyle Assoc accumulated 0.24% or 7,825 shares. Exxonmobil Invest Mgmt Incorporated Tx holds 175,227 shares or 0.14% of its portfolio. Capital One Association accumulated 101,591 shares or 0.31% of the stock. Coastline Tru accumulated 22,700 shares or 0.17% of the stock.
More notable recent PPL Corp (NYSE:PPL) news were published by: Zacks.com which released: “PPL Corp (PPL) Beats on Q3 Earnings, Misses on Revenues” on November 01, 2016, also Zacks.com with their article: “PPL Corp (PPL) Q3 Earnings: What’s in Store for the Stock?” published on October 26, 2016, Prnewswire.com published: “PPL Corporation to Conduct Webcast on 2016 Third-Quarter Earnings Results” on October 19, 2016. More interesting news about PPL Corp (NYSE:PPL) were released by: Seekingalpha.com and their article: “PPL Corporation: A Stock For Your Income Portfolio” published on November 06, 2016 as well as Zacks.com‘s news article titled: “Should You Sell PPL Corp. (PPL) Before Earnings?” with publication date: October 31, 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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