Media coverage about PPL Corporation (NYSE:PPL) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PPL Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.0653845048926 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- PPL Corporation’s (NYSE:PPL) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- PPL reports earnings drop (standardspeaker.com)
- [$$] 2 Utilities to Help Protect Your Portfolio (finance.yahoo.com)
- PPL Corporation (PPL) VP Joseph P. Bergstein, Jr. Sells 2,983 Shares (americanbankingnews.com)
- PPL Corporation (NYSE:PPL) Insider Vincent Sorgi Sells 5,600 Shares (americanbankingnews.com)
PPL has been the topic of several recent research reports. Barclays PLC restated an “equal weight” rating and issued a $41.00 price target (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. Jefferies Group LLC boosted their price target on PPL Corporation from $36.50 to $39.00 and gave the company a “hold” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, July 12th. Deutsche Bank AG boosted their target price on PPL Corporation from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, BidaskClub cut PPL Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.72.
PPL Corporation (PPL) traded down 0.59% during midday trading on Wednesday, reaching $38.60. The company had a trading volume of 3,095,131 shares. The company’s 50 day moving average is $38.48 and its 200-day moving average is $37.55. PPL Corporation has a 52-week low of $32.08 and a 52-week high of $40.20. The company has a market capitalization of $26.37 billion, a P/E ratio of 14.46 and a beta of 0.49.
PPL Corporation (NYSE:PPL) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that PPL Corporation will post $2.16 earnings per share for the current fiscal year.
In other news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $38.55, for a total transaction of $112,912.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory N. Dudkin sold 8,228 shares of PPL Corporation stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $39.55, for a total transaction of $325,417.40. Following the sale, the insider now owns 39,693 shares in the company, valued at $1,569,858.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,740 shares of company stock worth $773,067. Insiders own 0.42% of the company’s stock.
About PPL Corporation
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.
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