2017 Q3 Sentiment PPL Corp (NYSE:PPL)

January 13, 2018 - By Darrin Black

  2017 Q3 Sentiment PPL Corp (NYSE:PPL)

Sentiment for PPL Corp (NYSE:PPL)

PPL Corp (NYSE:PPL) institutional sentiment decreased to 1.1 in 2017 Q3. Its down -0.07, from 1.17 in 2017Q2. The ratio dived, as 284 hedge funds increased or opened new positions, while 259 sold and reduced stock positions in PPL Corp. The hedge funds in our partner’s database reported: 479.53 million shares, up from 475.65 million shares in 2017Q2. Also, the number of hedge funds holding PPL Corp in their top 10 positions decreased from 6 to 4 for a decrease of 2. Sold All: 37 Reduced: 222 Increased: 226 New Position: 58.

PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. The company has market cap of $21.40 billion. The firm operates in three divisions: U.K. It has a 14.07 P/E ratio. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

The stock increased 0.65% or $0.2 during the last trading session, reaching $31.08. About 6.84M shares traded or 33.09% up from the average. PPL Corporation (NYSE:PPL) has risen 2.43% since January 13, 2017 and is uptrending. It has underperformed by 14.27% the S&P500.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on February, 7. They expect $0.49 EPS, down 18.33 % or $0.11 from last year’s $0.6 per share. PPL’s profit will be $337.34 million for 15.86 P/E if the $0.49 EPS becomes a reality. After $0.56 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Stralem & Co Inc holds 3.05% of its portfolio in PPL Corporation for 557,445 shares. Denali Advisors Llc owns 426,348 shares or 2.68% of their US portfolio. Moreover, Alethea Capital Management Llc has 2.17% invested in the company for 48,608 shares. The Pennsylvania-based Wheatland Advisors Inc has invested 2.15% in the stock. Breton Hill Capital Ltd., a Ontario – Canada-based fund reported 303,756 shares.#img1#

PPL Corporation (NYSE:PPL) Ratings Coverage

Ratings analysis reveals 36% of PPL Corporation’s analysts are positive. Out of 14 Wall Street analysts rating PPL Corporation, 5 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $31.50 while the high is $43.5000. The stock’s average target of $37 is 19.05% above today’s ($31.08) share price. PPL was included in 36 notes of analysts from August 5, 2015. The company was upgraded on Wednesday, September 14 by Wolfe Research. The rating was upgraded by Jefferies on Wednesday, July 19 to “Buy”. On Tuesday, December 26 the stock rating was maintained by SunTrust with “Buy”. As per Monday, July 18, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating by Goldman Sachs on Monday, October 19. The firm has “Hold” rating given on Tuesday, June 20 by Jefferies. The firm earned “Hold” rating on Wednesday, October 18 by KeyBanc Capital Markets. The firm has “Hold” rating given on Sunday, October 29 by RBC Capital Markets. The stock of PPL Corporation (NYSE:PPL) has “Hold” rating given on Sunday, August 20 by RBC Capital Markets. Guggenheim maintained it with “Hold” rating and $32.0 target in Tuesday, January 2 report.

More notable recent PPL Corporation (NYSE:PPL) news were published by: Streetinsider.com which released: “Form 8-K PPL Corp For: Jan 11” on January 11, 2018, also Seekingalpha.com with their article: “PPL Corporation: Intriguing Value With 15% Upside And A 4.8% Dividend Yield” published on December 20, 2017, Prnewswire.com published: “What’s Happening With These Electric Utilities Stocks? — Hawaiian Electric …” on January 09, 2018. More interesting news about PPL Corporation (NYSE:PPL) were released by: Seekingalpha.com and their article: “PPL – UK Woes Might Last For Year(s)” published on December 23, 2017 as well as Seekingalpha.com‘s news article titled: “As Per Brokers, 2018’s S&P 500 Index Top Net Gainers Are CenturyLink, Navient …” with publication date: January 04, 2018.

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