Barclays PLC restated their equal weight rating on shares of PPL Corp (NYSE:PPL) in a research report released on Sunday morning. They currently have a $41.00 target price on the utilities provider’s stock, up from their previous target price of $38.00.

A number of other equities analysts have also recently commented on the company. Deutsche Bank AG boosted their price target on PPL Corp from $36.00 to $38.00 and gave the stock a hold rating in a report on Tuesday, April 11th. Royal Bank of Canada reissued a hold rating and set a $37.00 price target on shares of PPL Corp in a report on Wednesday, January 4th. Jefferies Group LLC boosted their price objective on PPL Corp from $35.00 to $36.50 and gave the stock a hold rating in a research report on Thursday, February 2nd. Goldman Sachs Group Inc lowered PPL Corp from a neutral rating to a sell rating and reduced their price objective for the stock from $34.00 to $33.00 in a research report on Tuesday, January 17th. Finally, Zacks Investment Research lowered PPL Corp from a buy rating to a hold rating in a research report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $37.75.

PPL Corp (NYSE:PPL) traded up 0.34% during mid-day trading on Friday, reaching $37.93. The company’s stock had a trading volume of 3,919,936 shares. The company has a market cap of $25.82 billion, a price-to-earnings ratio of 13.59 and a beta of 0.45. The stock’s 50 day moving average is $37.22 and its 200 day moving average is $34.95. PPL Corp has a 12 month low of $32.08 and a 12 month high of $39.92.

PPL Corp (NYSE:PPL) last released its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.08. The business earned $1.83 billion during the quarter, compared to the consensus estimate of $2.06 billion. PPL Corp had a return on equity of 16.76% and a net margin of 25.30%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities research analysts predict that PPL Corp will post $2.16 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “PPL Corp’s (PPL) “Equal Weight” Rating Reiterated at Barclays PLC” was originally published by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at http://www.mareainformativa.com/ppl-corps-ppl-equal-weight-rating-reiterated-at-barclays-plc/111813/.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were paid a dividend of $0.395 per share. The ex-dividend date was Wednesday, March 8th. This is an increase from PPL Corp’s previous quarterly dividend of $0.38. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.17%. PPL Corp’s dividend payout ratio (DPR) is currently 54.48%.

In other PPL Corp news, SVP Joanne H. Raphael sold 5,734 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $34.36, for a total value of $197,020.24. Following the completion of the sale, the senior vice president now directly owns 25,424 shares in the company, valued at $873,568.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman William H. Spence sold 67,533 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $34.57, for a total transaction of $2,334,615.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,521 shares of company stock worth $5,621,198. Insiders own 0.42% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Epoch Investment Partners Inc. boosted its position in PPL Corp by 3.4% in the third quarter. Epoch Investment Partners Inc. now owns 17,128,768 shares of the utilities provider’s stock worth $592,141,000 after buying an additional 567,257 shares during the last quarter. Northern Trust Corp raised its stake in shares of PPL Corp by 1.4% in the third quarter. Northern Trust Corp now owns 7,480,135 shares of the utilities provider’s stock valued at $258,588,000 after buying an additional 104,613 shares during the period. Norges Bank bought a new stake in shares of PPL Corp during the fourth quarter valued at about $168,881,000. Thompson Siegel & Walmsley LLC raised its stake in shares of PPL Corp by 39.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,753,962 shares of the utilities provider’s stock valued at $127,822,000 after buying an additional 1,062,016 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of PPL Corp by 15.5% in the third quarter. Wells Fargo & Company MN now owns 3,317,990 shares of the utilities provider’s stock valued at $114,704,000 after buying an additional 445,853 shares during the period. Institutional investors own 71.29% of the company’s stock.

PPL Corp Company Profile

PPL Corporation (PPL) is a 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, and generates electricity from power plants in Kentucky. PPL operates through U.K.

5 Day Chart for NYSE:PPL

Receive News & Stock Ratings for PPL Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL Corp and related stocks with our FREE daily email newsletter.