PPL Corp (PPL) is Reiterated by Barclays to Overweight, Raises Price Target to $ 41

PPL Corp (PPL) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $39 . Barclays advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on PPL Corp. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 39 from a previous price target of $41 .

On the company’s financial health, PPL Corp reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.44. The company had revenue of $1780.00 million for the quarter, compared to analysts expectations of $2241.51 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

PPL Corp closed down -0.78 points or -2.11% at $36.27 with 65,76,127 shares getting traded on Wednesday. Post opening the session at $37.03, the shares hit an intraday low of $36.14 and an intraday high of $37.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 4, 2016, William H Spence (Chairman, President and CEO) sold 63,445 shares at $37.00 per share price. According to the SEC, on Jan 27, 2016, Joanne H Raphael (SVP, GC & Corp Sec) sold 6,068 shares at $33.91 per share price. On Jan 27, 2016, Victor A Staffieri (President of a PPL Subsidiary) sold 16,907 shares at $34.08 per share price, according to the Form-4 filing with the securities and exchange commission.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries PPL delivers electricity to customers in the United Kingdom Pennsylvania Kentucky Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern northwestern and southeastern United States and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltd’s (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporation’s operations and the Supply segment comprising the activities of PPL Energy Supply LLC’s subsidiaries.

PPL Corp

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