PPL Corp (PPL) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 14, 2016.
Many Wall Street Analysts have commented on PPL Corp. Company shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $39 .
On the company’s financial health, PPL Corp reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2011.00 million for the quarter, compared to analysts expectations of $2260.61 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
PPL Corp opened for trading at $37.49 and hit $37.56 on the upside on Wednesday, eventually ending the session at $37.52, with a gain of 0.59% or 0.22 points. The heightened volatility saw the trading volume jump to 41,66,820 shares. Company has a market cap of $25,399 M.
In a different news, on Jul 12, 2016, Robert A Symons (Chief Exec of a PPL Subsidiary) sold 13,901 shares at $37.40 per share price. According to the SEC, on Jul 12, 2016, Joseph P Jr Bergstein (VP-IR and Treasurer) sold 1,581 shares at $37.06 per share price. On Jun 20, 2016, Gregory N Dudkin (President of a PPL Subsidiary) sold 34,102 shares at $38.84 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.