PPL (PPL) Downgraded by Macquarie to “Underperform”

Macquarie lowered shares of PPL (NYSE:PPL) from a neutral rating to an underperform rating in a research report sent to investors on Tuesday. The firm currently has $30.00 target price on the utilities provider’s stock.

A number of other research firms also recently weighed in on PPL. Zacks Investment Research downgraded PPL from a buy rating to a hold rating in a research report on Monday, September 11th. ValuEngine upgraded PPL from a hold rating to a buy rating in a research report on Friday, September 1st. KeyCorp reiterated a hold rating on shares of PPL in a research report on Friday, October 20th. SunTrust Banks started coverage on PPL in a research report on Tuesday, October 10th. They set a buy rating and a $43.00 price objective for the company. Finally, Canaccord Genuity reiterated a buy rating and set a $48.00 price objective on shares of PPL in a research report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $39.65.

Shares of PPL (NYSE:PPL) opened at $32.42 on Tuesday. The firm has a market capitalization of $23,387.13, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.23 and a beta of 0.47. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. PPL has a 52-week low of $32.40 and a 52-week high of $40.20.

PPL (NYSE:PPL) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.03 billion. PPL had a return on equity of 15.30% and a net margin of 20.60%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. equities analysts predict that PPL will post 2.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.87%. PPL’s dividend payout ratio (DPR) is presently 71.49%.

Several large investors have recently made changes to their positions in PPL. Cutler Capital Management LLC acquired a new stake in PPL during the 3rd quarter valued at $114,000. Parallel Advisors LLC raised its stake in PPL by 7.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 321 shares during the period. Green Square Capital LLC acquired a new stake in PPL during the 3rd quarter valued at $215,000. Pinebridge Investments L.P. acquired a new stake in PPL during the 2nd quarter valued at $224,000. Finally, Cable Hill Partners LLC raised its stake in PPL by 5,417.6% during the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 6,447 shares during the period. Institutional investors own 71.24% of the company’s stock.

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About PPL

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.

Analyst Recommendations for PPL (NYSE:PPL)

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