PPL (NYSE:PPL) was downgraded by analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently commented on the company. Bank of America downgraded PPL from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $29.00 to $28.00 in a research report on Monday, January 14th. Zacks Investment Research upgraded PPL from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Desjardins reissued an “average” rating and set a $52.00 target price on shares of PPL in a research note on Monday, January 7th. Finally, ValuEngine raised shares of PPL from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. PPL presently has an average rating of “Hold” and an average price target of $34.44.

Shares of NYSE:PPL traded up $0.03 on Thursday, reaching $30.91. 794,376 shares of the company traded hands, compared to its average volume of 4,263,545. PPL has a fifty-two week low of $25.30 and a fifty-two week high of $32.46. The company has a market capitalization of $22.37 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.51 and a current ratio of 0.58.

In other PPL news, SVP Joanne H. Raphael sold 22,410 shares of the business’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $31.00, for a total transaction of $694,710.00. Following the sale, the senior vice president now directly owns 39,209 shares of the company’s stock, valued at approximately $1,215,479. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Paul W. Thompson sold 4,573 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $28.25, for a total transaction of $129,187.25. Following the sale, the chairman now directly owns 7,419 shares in the company, valued at $209,586.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,623 shares of company stock worth $1,403,738. Company insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its stake in shares of PPL by 2,949.0% in the third quarter. Rehmann Capital Advisory Group now owns 41,344 shares of the utilities provider’s stock worth $1,413,000 after acquiring an additional 39,988 shares during the last quarter. Gradient Investments LLC increased its position in PPL by 6.3% during the third quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock worth $9,361,000 after buying an additional 19,050 shares during the last quarter. Mackenzie Financial Corp increased its position in PPL by 9.7% during the third quarter. Mackenzie Financial Corp now owns 108,836 shares of the utilities provider’s stock worth $3,185,000 after buying an additional 9,606 shares during the last quarter. BB&T Corp increased its position in PPL by 1.4% during the third quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock worth $5,035,000 after buying an additional 2,404 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in PPL during the third quarter worth $630,000. 75.88% of the stock is currently owned by institutional investors and hedge funds.

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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