PPL Corp. (NYSE:PPL) shares traded down 0.9% during mid-day trading on Monday . The company traded as low as $35.91 and last traded at $35.92, with a volume of 2,072,128 shares. The stock had previously closed at $36.26.

A number of research analysts have issued reports on the stock. Barclays PLC reaffirmed a “buy” rating on shares of PPL Corp. in a report on Saturday, April 23rd. Zacks Investment Research raised shares of PPL Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Jefferies Group decreased their price target on shares of PPL Corp. from $38.00 to $37.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $44.00 price target on shares of PPL Corp. in a report on Friday, August 5th. Finally, Guggenheim cut shares of PPL Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PPL Corp. presently has an average rating of “Hold” and an average price target of $38.23.

The company’s 50 day moving average is $37.07 and its 200-day moving average is $37.31. The stock has a market cap of $24.02 billion and a P/E ratio of 13.74.

PPL Corp. (NYSE:PPL) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Equities research analysts expect that PPL Corp. will post $2.34 EPS for the current year.

In other news, insider Gregory N. Dudkin sold 34,102 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $38.84, for a total value of $1,324,521.68. Following the completion of the transaction, the insider now owns 51,405 shares in the company, valued at approximately $1,996,570.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Joseph P. Bergstein, Jr. sold 1,581 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $37.06, for a total transaction of $58,591.86. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in PPL. Buckingham Capital Management Inc. increased its stake in PPL Corp. by 6.7% in the third quarter. Buckingham Capital Management Inc. now owns 30,818 shares of the company’s stock valued at $1,014,000 after buying an additional 1,931 shares during the period. Eaton Vance Management increased its stake in PPL Corp. by 60.5% in the fourth quarter. Eaton Vance Management now owns 39,789 shares of the company’s stock valued at $1,358,000 after buying an additional 15,000 shares during the period. Ancora Advisors LLC increased its stake in PPL Corp. by 1.0% in the fourth quarter. Ancora Advisors LLC now owns 52,749 shares of the company’s stock valued at $1,916,000 after buying an additional 500 shares during the period. Victory Capital Management Inc. increased its stake in PPL Corp. by 11.9% in the fourth quarter. Victory Capital Management Inc. now owns 116,136 shares of the company’s stock valued at $3,964,000 after buying an additional 12,337 shares during the period. Finally, Stephens Inc. AR increased its stake in PPL Corp. by 5.8% in the fourth quarter. Stephens Inc. AR now owns 126,790 shares of the company’s stock valued at $4,327,000 after buying an additional 6,943 shares during the period.

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. It operates through three segments: U.K.

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