PPL (NYSE:PPL) had its target price upped by research analysts at Morgan Stanley from $29.00 to $30.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s target price would indicate a potential downside of 0.27% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a research note on Tuesday, August 28th. Citigroup began coverage on shares of PPL in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $30.00 target price on the stock. Deutsche Bank cut shares of PPL from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of PPL from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, UBS Group lowered their target price on shares of PPL from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, June 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.80.

NYSE PPL traded down $0.10 on Tuesday, hitting $30.08. The stock had a trading volume of 37,725 shares, compared to its average volume of 6,499,588. PPL has a 52-week low of $25.30 and a 52-week high of $39.77. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.58 and a quick ratio of 0.52. The stock has a market capitalization of $20.81 billion, a PE ratio of 13.36, a P/E/G ratio of 2.54 and a beta of 0.50.

PPL (NYSE:PPL) last posted its earnings results on Tuesday, August 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. PPL had a net margin of 18.08% and a return on equity of 15.30%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.75 billion. research analysts anticipate that PPL will post 2.34 EPS for the current year.

Several institutional investors have recently bought and sold shares of PPL. Archford Capital Strategies LLC raised its position in shares of PPL by 444.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,868 shares of the utilities provider’s stock valued at $110,000 after buying an additional 3,158 shares in the last quarter. Live Your Vision LLC boosted its holdings in shares of PPL by 75.3% in the 2nd quarter. Live Your Vision LLC now owns 4,190 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,800 shares in the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of PPL in the 1st quarter valued at about $120,000. Squar Milner Financial Services LLC bought a new stake in shares of PPL in the 2nd quarter valued at about $125,000. Finally, Smithfield Trust Co. boosted its holdings in shares of PPL by 131.1% in the 1st quarter. Smithfield Trust Co. now owns 4,958 shares of the utilities provider’s stock valued at $141,000 after buying an additional 2,813 shares in the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Analyst Recommendations for PPL (NYSE:PPL)

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