PPL Corp. (NYSE:PPL) shares dropped 0.9% during mid-day trading on Monday . The stock 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.

PPL has been the topic of several analyst reports. Barclays PLC upped their target price on shares of PPL Corp. from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Jefferies Group reiterated a “buy” rating and issued a $41.50 target price on shares of PPL Corp. in a research note on Friday, April 29th. Vetr upgraded shares of PPL Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, July 14th. Zacks Investment Research upgraded shares of PPL Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $44.00 target price on shares of PPL Corp. in a research note on Friday, August 5th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.23.

The company’s 50 day moving average price is $37.02 and its 200 day moving average price is $37.30. The firm has a market capitalization of $23.56 billion and a price-to-earnings ratio of 13.48.

PPL Corp. (NYSE:PPL) last posted its earnings results on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. During the same period last year, the business posted $0.49 EPS. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts predict that PPL Corp. will post $2.35 EPS for the current year.

In other news, CFO Vincent Sorgi sold 10,400 shares of PPL Corp. stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $38.94, for a total value of $404,976.00. Following the transaction, the chief financial officer now owns 18,534 shares of the company’s stock, valued at approximately $721,713.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William H. Spence sold 156,224 shares of PPL Corp. stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $38.79, for a total transaction of $6,059,928.96. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Eaton Vance Management increased its position in shares of PPL Corp. by 60.5% in the fourth quarter. Eaton Vance Management now owns 39,789 shares of the company’s stock worth $1,358,000 after buying an additional 15,000 shares during the last quarter. Ancora Advisors LLC increased its position in shares of PPL Corp. by 1.0% in the fourth quarter. Ancora Advisors LLC now owns 52,749 shares of the company’s stock worth $1,916,000 after buying an additional 500 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of PPL Corp. by 11.9% in the fourth quarter. Victory Capital Management Inc. now owns 116,136 shares of the company’s stock worth $3,964,000 after buying an additional 12,337 shares during the last quarter. Stephens Inc. AR increased its position in shares of PPL Corp. by 5.8% in the fourth quarter. Stephens Inc. AR now owns 126,790 shares of the company’s stock worth $4,327,000 after buying an additional 6,943 shares during the last quarter. Finally, Opus Investment Management Inc. increased its position in shares of PPL Corp. by 16.5% in the fourth quarter. Opus Investment Management Inc. now owns 141,142 shares of the company’s stock worth $4,817,000 after buying an additional 20,000 shares during the last quarter.

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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