PPL Corporation Common Stock (NYSE:PPL):
PPL Corporation to Conduct Webcast on 2016 Third-Quarter Earnings Results.
The company is trading up by 0.39% since yesterday’s close of $33.68.
PPL Corporation Common Stock also recently announced a dividend for shareholders which was paid on Monday October 3rd, 2016. The dividend payment was $0.380 per share for the quarter or $1.52 on an annualized basis. The dividend yield was $4.51. The ex-dividend date was set for Wednesday the 7th of September 2016.
The stock is trading at $33.81 just below the 50 day moving average of $33.90 and barely below the 200 day moving average of $36.45. The 50 day moving average was down by -0.28% and the 200 day average moved down $-2.64.
PPL Corporation Common Stock’s P/E ratio is 13.11 and the market cap of the company is 22.93B. In the last earnings report the EPS was $2.58 and is expected to be $2.34 for the current year with 678,094,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.48 with next year’s EPS anticipated to be $2.17.
Brokerage firms have provided guidance on PPL recently. On September 14 the company was set at “Outperform” according to a Wolfe Research report which is up from the previous “” rating. On July 14 the stock rating was downgraded to “Hold” from “Buy” in a report from Jefferies.
On June 27 the company was downgraded from “Overweight” to “Equal-weight” and a price target of $42.00 was set in a report issued by Barclays. Barclays downgraded the stock and raised the price target on June 27 changing the price target from $39.00 to $42.00 and changing the rating from “Overweight” to “Equal-weight”.
February 29 investment analysts at Barclays maintained a company rating of “Overweight” but lowered the price expectation from $41.00 to $39.00. On February 8, 2016 Evercore Partners kept the price target at $36.00 but downgraded the company to Hold from Buy.