PPL Corporation Common Stock (NYSE:PPL):
PPL Presentation to be Webcast from EEI Financial Conference.
The company is trading up since yesterday’s close of $33.68.
PPL Corporation Common Stock declared a dividend for shareholders paid on Monday October 3rd, 2016. The dividend was $0.380 per share for the quarter which is $1.52 annualized. The dividend yield was $4.51. The ex-dividend date was Wednesday the 7th of September 2016.
Shares of the company are trading at $33.81 which is just under the 50 day moving average of $33.90 and which is a tad under the 200 day moving average of $36.45. The 50 day moving average moved down $-0.09 whereas the 200 day average was down by -7.25%.
The most current P/E ratio is 13.11 and market capitalization 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 outstanding. Analysts expect next quarter’s EPS to be $0.48 and the next full year EPS is anticipated to be $2.17.
Several investment firms have weighed in on the company of late. On September 14 the company was upgraded to “Outperform” from “” in a report issued by Wolfe Research. On July 14 the stock rating was downgraded from “Buy” to “Hold” by analysts at Jefferies.
On June 27 the stock rating was downgraded to “Equal-weight” from “Overweight” and a price target of $42.00 was set in an announcement from Barclays. Barclays raised the price target and downgraded the stock on June 27 changing the price objective from $39.00 to $42.00 and altering the rating from “Overweight” to “Equal-weight”.
On February 29 Barclays made no change to the stock rating of “Overweight” and moved down the price target to $39.00 from $41.00. On February 8, 2016 Evercore Partners maintained a price objective of $36.00 and downgraded the company to Hold from Buy.