PPL (NYSE:PPL) Shares Pass Above 200 Day Moving Average – Should You Sell?

PPL Co. ( NYSE:PPL – Get Free Report ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.

50 and traded as high as $32.59. PPL shares last traded at $32.



46, with a volume of 3,592,613 shares changing hands. Analysts Set New Price Targets A number of analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on PPL from $39.

00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. BMO Capital Markets began coverage on PPL in a report on Wednesday, December 11th.

They issued an “outperform” rating and a $36.00 target price on the stock. JPMorgan Chase & Co.

initiated coverage on shares of PPL in a report on Friday, October 25th. They set an “overweight” rating and a $37.00 price target for the company.

Bank of America upped their price objective on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Finally, Wells Fargo & Company lifted their target price on shares of PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th.

Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and an average price target of $34.

09. Check Out Our Latest Report on PPL PPL Stock Up 0.2 % PPL ( NYSE:PPL – Get Free Report ) last announced its quarterly earnings data on Friday, November 1st.

The utilities provider reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42.

PPL had a return on equity of 9.20% and a net margin of 9.95%.

The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.10 billion.

During the same quarter last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 1.

1% compared to the same quarter last year. As a group, research analysts forecast that PPL Co. will post 1.

72 EPS for the current year. PPL Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.

2575 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.

03 dividend on an annualized basis and a yield of 3.17%. PPL’s dividend payout ratio (DPR) is currently 91.

96%. Insider Transactions at PPL In related news, SVP Tadd J. Henninger sold 6,639 shares of the firm’s stock in a transaction dated Tuesday, December 17th.

The shares were sold at an average price of $32.16, for a total transaction of $213,510.24.

Following the transaction, the senior vice president now directly owns 11,210 shares of the company’s stock, valued at $360,513.60. This trade represents a 37.

20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, insider John R.

Crockett III sold 9,161 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $34.35, for a total transaction of $314,680.

35. Following the completion of the sale, the insider now directly owns 12,434 shares of the company’s stock, valued at $427,107.90.

The trade was a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

Company insiders own 0.22% of the company’s stock. Institutional Trading of PPL A number of hedge funds have recently bought and sold shares of PPL.

State Street Corp raised its position in PPL by 5.0% in the third quarter. State Street Corp now owns 36,459,099 shares of the utilities provider’s stock worth $1,215,363,000 after acquiring an additional 1,720,941 shares during the period.

Wellington Management Group LLP raised its holdings in shares of PPL by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 35,089,490 shares of the utilities provider’s stock worth $1,160,760,000 after purchasing an additional 2,050,122 shares during the period.

Franklin Resources Inc. lifted its stake in PPL by 12.0% in the third quarter.

Franklin Resources Inc. now owns 34,758,947 shares of the utilities provider’s stock valued at $1,115,824,000 after purchasing an additional 3,731,412 shares during the last quarter. Geode Capital Management LLC grew its holdings in PPL by 1.

2% during the third quarter. Geode Capital Management LLC now owns 17,177,883 shares of the utilities provider’s stock valued at $566,275,000 after purchasing an additional 201,417 shares during the period. Finally, Massachusetts Financial Services Co.

MA increased its position in PPL by 0.9% in the third quarter. Massachusetts Financial Services Co.

MA now owns 6,512,407 shares of the utilities provider’s stock worth $215,430,000 after buying an additional 55,594 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors.

PPL Company Profile ( Get Free Report ) PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.

The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. Read More Five stocks we like better than PPL What is a SEC Filing? Work and Play: Investing in the Rise of Bleisure Travel Why Invest in 5G? How to Invest in 5G Stocks Top Dividend Stocks to Buy Now as Bond Yields Could Lower With Risk Tolerance, One Size Does Not Fit All SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter .

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