PPL Co. (NYSE:PPL – Get Free Report) was the target of some unusual options trading on Friday. Investors bought 12,323 call options on the stock. This is an increase of 522% compared to the typical volume of 1,980 call options.
Analyst Ratings Changes
Several equities research analysts have recently commented on PPL shares. StockNews.com raised PPL from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Wells Fargo & Company increased their price objective on PPL from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada increased their price objective on PPL from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Barclays increased their price objective on PPL from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Finally, Argus raised PPL from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, March 8th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.45.
Get Our Latest Stock Analysis on PPL
Institutional Inflows and Outflows
PPL Stock Performance
Shares of PPL stock opened at $27.96 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.28 and a quick ratio of 1.08. PPL has a fifty-two week low of $22.20 and a fifty-two week high of $29.89. The stock’s 50-day moving average is $28.26 and its two-hundred day moving average is $27.25. The firm has a market cap of $20.63 billion, a P/E ratio of 27.15, a PEG ratio of 2.40 and a beta of 0.82.
PPL (NYSE:PPL – Get Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. PPL had a return on equity of 8.80% and a net margin of 9.29%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $0.48 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. Analysts predict that PPL will post 1.71 earnings per share for the current fiscal year.
PPL Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, June 10th. PPL’s dividend payout ratio is 100.00%.
PPL Company Profile
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.
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