What’s in PPL Corp After Today’s Bullish Options Activity?

 What's in PPL Corp After Today's Bullish Options Activity?

In today’s session PPL Corp (PPL) registered an unusually high (479) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PPL increase. With 479 contracts traded and 11434 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PPL161021C00034000 closed last at: $0.25 or 58.3% down. About 3.88M shares traded hands. PPL Corp (NYSE:PPL) has declined 7.40% since March 3, 2016 and is downtrending. It has underperformed by 15.75% the S&P500.

Analysts await PPL Corp (NYSE:PPL) to report earnings on November, 3. They expect $0.57 EPS, up 11.76% or $0.06 from last year’s $0.51 per share. PPL’s profit will be $383.50 million for 14.29 P/E if the $0.57 EPS becomes a reality. After $0.56 actual EPS reported by PPL Corp for the previous quarter, Wall Street now forecasts 1.79% EPS growth.

PPL Corp (NYSE:PPL) Ratings Coverage

Out of 9 analysts covering PPL Corporation (NYSE:PPL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. PPL Corporation has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, August 10 by Jefferies. The stock of PPL Corp (NYSE:PPL) earned “Neutral” rating by Guggenheim on Wednesday, August 10. The firm has “Hold” rating by Jefferies given on Thursday, July 14. Evercore downgraded PPL Corp (NYSE:PPL) rating on Monday, February 8. Evercore has “Hold” rating and $36 price target. The rating was maintained by Argus Research with “Buy” on Thursday, December 31. UBS upgraded PPL Corp (NYSE:PPL) on Friday, September 18 to “Buy” rating. On Wednesday, September 14 the stock rating was upgraded by Wolfe Research to “Outperform”. The company was downgraded on Monday, October 19 by Goldman Sachs. The stock of PPL Corp (NYSE:PPL) earned “Equalweight” rating by Barclays Capital on Monday, July 18. The stock has “Buy” rating given by Deutsche Bank on Friday, October 30.

According to Zacks Investment Research, “Headquartered in Allentown, Pa., PPL Corporation is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. The company and its 13,000 employees are dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners.”

Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.05, from 1.27 in 2016Q1. The ratio is positive, as 38 funds sold all PPL Corp shares owned while 217 reduced positions. 66 funds bought stakes while 271 increased positions. They now own 459.35 million shares or 3.64% less from 476.71 million shares in 2016Q1.
Tarbox Group Inc last reported 90 shares in the company. Morgan Dempsey Capital Mgmt Ltd Liability accumulated 0% or 53 shares. Novare Mgmt Limited Liability Company holds 1.05% of its portfolio in PPL Corp (NYSE:PPL) for 103,386 shares. Ing Groep Nv has 0.05% invested in the company for 89,740 shares. Moreover, Jfs Wealth Advsr Limited Liability Corporation has 0.06% invested in PPL Corp (NYSE:PPL) for 5,712 shares. Parkside Commercial Bank holds 247 shares or 0% of its portfolio. Moreover, Mackenzie has 0.01% invested in PPL Corp (NYSE:PPL) for 48,348 shares. Checchi Cap Advisers Ltd Liability Corp owns 7,579 shares or 0.03% of their US portfolio. Carnegie Asset Mgmt Ltd Limited Liability Company owns 7,250 shares or 0.04% of their US portfolio. The Kentucky-based Hl Financial Ltd Liability Company has invested 0.04% in PPL Corp (NYSE:PPL). Ironwood Fin Lc holds 576 shares or 0.02% of its portfolio. The Illinois-based Great Lakes Lc has invested 0.01% in PPL Corp (NYSE:PPL). Atlantic Trust Ltd Liability Com holds 0.01% or 23,509 shares in its portfolio. Trustmark Comml Bank Department accumulated 0.08% or 16,350 shares. Mcf Advisors Ltd Llc, a Kentucky-based fund reported 5,903 shares.

PPL Corporation is a utility holding company. The company has a market cap of $21.92 billion. Through its subsidiaries, PPL delivers electricity to clients in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to clients in Kentucky, and generates electricity from power plants in Kentucky. It has a 12.51 P/E ratio. It operates through three divisions: U.K.

PPL Company Profile

PPL Corporation (PPL), incorporated on March 15, 1994, is a utility holding company. Through its subsidiaries, PPL delivers electricity to clients in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to clients in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through three divisions: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment.

More recent PPL Corp (NYSE:PPL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: PPL, Public Service Enterprise Group and Westar Energy” on September 06, 2016. Also Forbes.com published the news titled: “Notable Friday Option Activity: PPL, WDC, KCG” on September 23, 2016. Prnewswire.com‘s news article titled: “Electric Utilities Stocks Under Scanner — PPL Corp., AES Corp., Entergy, and …” with publication date: September 19, 2016 was also an interesting one.

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