PPL Corp (NYSE:PPL) COO Vincent Sorgi sold 13,696 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.04, for a total value of $466,211.84. Following the transaction, the chief operating officer now owns 30,976 shares of the company’s stock, valued at $1,054,423.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE PPL traded up $0.04 during trading hours on Tuesday, reaching $33.69. The stock had a trading volume of 132,472 shares, compared to its average volume of 4,888,655. The business’s fifty day moving average is $32.50 and its two-hundred day moving average is $30.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.66 and a quick ratio of 0.58. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 14.04 and a beta of 0.49. PPL Corp has a twelve month low of $27.31 and a twelve month high of $34.15.
PPL (NYSE:PPL) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.04 billion. PPL had a net margin of 23.17% and a return on equity of 14.73%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Sell-side analysts forecast that PPL Corp will post 2.43 earnings per share for the current fiscal year.
PPL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded PPL from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a report on Tuesday, October 15th. Citigroup upped their price target on PPL from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. GMP Securities restated an “average” rating and issued a $59.00 target price on shares of PPL in a research note on Wednesday, August 7th. Morgan Stanley set a $30.00 target price on PPL and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, ValuEngine lowered PPL from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. PPL has a consensus rating of “Hold” and an average price target of $36.13.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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