Brokerage firm Jefferies Downgrades its rating on PPL Corp(NYSE:PPL). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Jefferies was issued on Jul 14, 2016.
In a different note, On Jun 27, 2016, Barclays said it Downgrades its rating on PPL Corp. In the research note, the firm Lowers the price-target to $41.00 per share. The shares have been rated ‘Equal-weight’ by the firm.
PPL Corp (PPL) made into the market gainers list on Mondays trading session with the shares advancing 0.46% or 0.17 points. Due to strong positive momentum, the stock ended at $37.32, which is also near the day’s high of $37.435. The stock began the session at $37.24 and the volume stood at 34,56,761 shares. The 52-week high of the shares is $39.92 and the 52 week low is $29.1762. The company has a current market capitalization of $25,264 M and it has 67,69,45,180 shares in outstanding.
PPL Corp(PPL) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.01B. Analysts had an estimated revenue of $2.40B. Earnings per share were $0.67. Analysts had estimated an EPS of $0.75.
Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Robert A Symons (Chief Exec of a PPL Subsidiary) sold 13,901 shares at $37.40 per share price.Also, 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.