Breaking: PPL (NYSE:PPL) “Equal-Weight” Rating Reaffirmed by Analysts at Morgan Stanley Today; The Target is Set to $28

June 13, 2018 - By Marguerite Chambers

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Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.41, from 1.15 in 2017Q4. It fall, as 73 investors sold PPL Corporation shares while 255 reduced holdings. 64 funds opened positions while 179 raised stakes. 482.80 million shares or 0.69% more from 479.50 million shares in 2017Q4 were reported.

Hanson And Doremus Inv reported 1,306 shares. Stifel Corp has invested 0.1% in PPL Corporation (NYSE:PPL). Yorktown & Research Incorporated holds 0.21% or 25,000 shares. Regent Investment Mgmt Lc reported 7,700 shares. Nelson Van Denburg And Campbell Wealth Mgmt Group Inc Limited Liability Co invested 0% in PPL Corporation (NYSE:PPL). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 134,267 shares. Affinity Investment Advsrs Ltd invested in 0.32% or 95,787 shares. 38,166 were accumulated by Hancock. Estabrook Cap Mgmt holds 0% or 400 shares. Sandy Spring Comml Bank reported 2,350 shares. Parkside Natl Bank Trust invested in 0% or 201 shares. Moreover, Lpl Limited Liability Company has 0.03% invested in PPL Corporation (NYSE:PPL) for 427,040 shares. Atlantic Tru Limited Liability Corporation reported 28,429 shares or 0% of all its holdings. Bp Public Ltd Llc accumulated 77,000 shares. Moreover, Willis Inv Counsel has 0.76% invested in PPL Corporation (NYSE:PPL) for 348,600 shares.

PPL (NYSE:PPL) Rating Reaffirmed

In a research note released this morning, Morgan Stanley reiterated their “Equal-Weight” rating on PPL (NYSE:PPL) shares. The target price per share indicates a possible upside of 6.91 % from company’s current stock price.

PPL Corporation (NYSE:PPL) Ratings Coverage

Among 6 analysts covering PPL (NYSE:PPL), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. PPL has $42.0 highest and $32.0 lowest target. $34.20’s average target is 30.58% above currents $26.19 stock price. PPL had 12 analyst reports since December 19, 2017 according to SRatingsIntel. RBC Capital Markets maintained the shares of PPL in report on Thursday, February 1 with “Hold” rating. SunTrust maintained the shares of PPL in report on Tuesday, December 26 with “Buy” rating. The firm has “Buy” rating by SunTrust given on Monday, February 12. On Thursday, January 18 the stock rating was upgraded by Deutsche Bank to “Buy”. On Friday, June 8 the stock rating was maintained by UBS with “Buy”. On Tuesday, March 6 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, December 19 report. The firm has “Hold” rating by Guggenheim given on Tuesday, January 2. SunTrust maintained it with “Buy” rating and $36.0 target in Friday, February 23 report. The company was maintained on Friday, February 23 by UBS.

The stock increased 0.19% or $0.05 during the last trading session, reaching $26.19. About 848,147 shares traded. PPL Corporation (NYSE:PPL) has declined 31.20% since June 13, 2017 and is downtrending. It has underperformed by 43.77% the S&P500.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on August, 2. They expect $0.53 EPS, up 1.92 % or $0.01 from last year’s $0.52 per share. PPL’s profit will be $370.49M for 12.35 P/E if the $0.53 EPS becomes a reality. After $0.74 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -28.38 % negative EPS growth.

PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. The company has market cap of $18.31 billion. The firm operates in three divisions: U.K. It has a 15.37 P/E ratio. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

More important recent PPL Corporation (NYSE:PPL) news were published by: Seekingalpha.com which released: “PPL – Equity Raise, More To Come?” on June 03, 2018, also 247Wallst.com published article titled: “Ambev, PPL Corp. Slide into Wednesday’s 52-Week Low Club”, Globenewswire.com published: “Factors of Influence in 2018, Key Indicators and Opportunity within PPL, The Travelers Companies, Xilinx, United …” on June 12, 2018. More interesting news about PPL Corporation (NYSE:PPL) was released by: Seekingalpha.com and their article: “PPL Update: Has The Story Changed?” with publication date: May 26, 2018.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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