Ownership Action Alert: PPL Electric Utilities Corp (NYSE:PPL) Institutional Investor Sentiment

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Ownership Action Alert: PPL Electric Utilities Corp (NYSE:PPL) Institutional Investor Sentiment

Sentiment for PPL Electric Utilities Corp (NYSE:PPL)

PPL Electric Utilities Corp (NYSE:PPL) institutional sentiment decreased to 1.01 in Q2 2016. Its down -0.31, from 1.32 in 2016Q1. The ratio dropped, as 337 investment professionals started new and increased stock positions, while 255 trimmed and sold holdings in PPL Electric Utilities Corp. The investment professionals in our partner’s database reported: 459.35 million shares, down from 476.71 million shares in 2016Q1. Also, the number of investment professionals holding PPL Electric Utilities Corp in their top 10 stock positions increased from 8 to 9 for an increase of 1. Sold All: 38 Reduced: 217 Increased: 271 New Position: 66.

PPL Corporation is a utility holding company. The company has a market cap of $22.32 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 12.28 P/E ratio. It operates through three divisions: U.K.

About 677,856 shares traded hands. PPL Corp (NYSE:PPL) has declined 10.13% since April 22, 2016 and is downtrending. It has underperformed by 15.54% the S&P500.

Analysts await PPL Corp (NYSE:PPL) to report earnings on February, 2. They expect $0.50 earnings per share, up 16.28% or $0.07 from last year’s $0.43 per share. PPL’s profit will be $334.58M for 16.69 P/E if the $0.50 EPS becomes a reality. After $0.63 actual earnings per share reported by PPL Corp for the previous quarter, Wall Street now forecasts -20.63% negative EPS growth.

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.”

Nine Chapters Capital Management Llc holds 5.69% of its portfolio in PPL Corp for 7,200 shares. Concannon Wealth Management Llc owns 87,874 shares or 3.4% of their US portfolio. Moreover, Stralem & Co Inc has 3.33% invested in the company for 763,397 shares. The New York-based Epoch Investment Partners Inc. has invested 2.34% in the stock. Wheatland Advisors Inc, a Pennsylvania-based fund reported 62,734 shares.#img1#

PPL Corp (NYSE:PPL) Ratings Coverage

Ratings analysis reveals 30% of PPL Corporation’s analysts are positive. Out of 10 Wall Street analysts rating PPL Corporation, 3 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $31.50 while the high is $42. The stock’s average target of $36.81 is 10.37% above today’s ($33.35) share price. PPL was included in 19 notes of analysts from August 5, 2015. The firm has “Hold” rating given on Monday, February 8 by Evercore. The rating was maintained by Barclays Capital on Monday, July 18 with “Equalweight”. The firm has “Outperform” rating given on Wednesday, September 14 by Wolfe Research. Jefferies maintained the shares of PPL in a report on Wednesday, August 10 with “Hold” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, June 27. UBS upgraded PPL Corp (NYSE:PPL) on Friday, September 18 to “Buy” rating. The rating was downgraded by Bank of America on Tuesday, November 22 to “Neutral”. The firm has “Buy” rating given on Thursday, December 31 by Argus Research. The company was downgraded on Monday, October 19 by Goldman Sachs. Deutsche Bank upgraded PPL Corp (NYSE:PPL) on Friday, October 30 to “Buy” rating.

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 important recent PPL Corp (NYSE:PPL) news were published by: Zacks.com which released: “PPL Corp Thrives on Diverse Asset Portfolio amp; Business Model” on November 22, 2016, also Zacks.com published article titled: “PPL Corp (PPL) Beats on Q3 Earnings, Misses on Revenues”, Zacks.com published: “Should You Sell PPL Corp. (PPL) Before Earnings?” on October 31, 2016. More interesting news about PPL Corp (NYSE:PPL) was released by: Zacks.com and their article: “PPL Corp (PPL) Q3 Earnings: What’s in Store for the Stock?” with publication date: October 26, 2016.

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By Hazel Jackson


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