Deutsche Bank Issues a Upgrade for PPL (NYSE:PPL) from a “Hold” to “Buy” Rating

January 19, 2018 - By Winifred Garcia

  Deutsche Bank Issues a Upgrade for PPL (NYSE:PPL) from a

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.07, from 1.17 in 2017Q2. It worsened, as 37 investors sold PPL Corporation shares while 222 reduced holdings. 58 funds opened positions while 226 raised stakes. 479.53 million shares or 0.81% more from 475.65 million shares in 2017Q2 were reported.

Hbk Sorce Advisory Limited Liability Company holds 25,188 shares or 0.14% of its portfolio. Conning reported 24,811 shares. Nuveen Asset Mngmt Ltd holds 77,102 shares or 0.02% of its portfolio. Buckingham Capital Mgmt invested in 0.51% or 60,697 shares. Peoples Serv Corp accumulated 74,061 shares. First Tru Advsrs Limited Partnership holds 0.25% of its portfolio in PPL Corporation (NYSE:PPL) for 2.58M shares. Mercer Cap Advisers invested in 10,539 shares or 0.3% of the stock. Citigroup holds 0.01% or 475,568 shares. Toronto Dominion Bank owns 266,412 shares for 0.03% of their portfolio. 28,387 were accumulated by Edgemoor Invest Inc. Court Place Advsrs Limited Liability Corp has 15,691 shares. Bollard Gp Ltd accumulated 346,619 shares. City Hldgs accumulated 202 shares or 0% of the stock. First Citizens Bancorp Company holds 0.06% or 12,423 shares in its portfolio. 334,431 were accumulated by Public Employees Retirement Of Ohio.

PPL (NYSE:PPL) Stock Upgrade

In a research report shared with investors and clients on Thursday morning, equity analysts at the Deutsche Bank research division upped shares of PPL (NYSE:PPL) stock from a “Hold” to a respectable “Buy” rating.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.07, from 1.17 in 2017Q2. It worsened, as 37 investors sold PPL Corporation shares while 222 reduced holdings. 58 funds opened positions while 226 raised stakes. 479.53 million shares or 0.81% more from 475.65 million shares in 2017Q2 were reported.

Hbk Sorce Advisory Limited Liability Company holds 25,188 shares or 0.14% of its portfolio. Conning reported 24,811 shares. Nuveen Asset Mngmt Ltd holds 77,102 shares or 0.02% of its portfolio. Buckingham Capital Mgmt invested in 0.51% or 60,697 shares. Peoples Serv Corp accumulated 74,061 shares. First Tru Advsrs Limited Partnership holds 0.25% of its portfolio in PPL Corporation (NYSE:PPL) for 2.58M shares. Mercer Cap Advisers invested in 10,539 shares or 0.3% of the stock. Citigroup holds 0.01% or 475,568 shares. Toronto Dominion Bank owns 266,412 shares for 0.03% of their portfolio. 28,387 were accumulated by Edgemoor Invest Inc. Court Place Advsrs Limited Liability Corp has 15,691 shares. Bollard Gp Ltd accumulated 346,619 shares. City Hldgs accumulated 202 shares or 0% of the stock. First Citizens Bancorp Company holds 0.06% or 12,423 shares in its portfolio. 334,431 were accumulated by Public Employees Retirement Of Ohio.

PPL Corporation (NYSE:PPL) Ratings Coverage

Among 14 analysts covering PPL Corporation (NYSE:PPL), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. PPL Corporation has $43.5000 highest and $31.50 lowest target. $36.82’s average target is 16.48% above currents $31.61 stock price. PPL Corporation had 37 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Buy” on Friday, October 30. The stock has “Buy” rating by SunTrust on Monday, January 8. The stock has “Hold” rating by Jefferies on Tuesday, June 20. The rating was downgraded by Deutsche Bank on Friday, February 5 to “Hold”. The company was downgraded on Monday, June 27 by Barclays Capital. Bank of America downgraded the shares of PPL in report on Tuesday, November 22 to “Neutral” rating. Deutsche Bank upgraded PPL Corporation (NYSE:PPL) on Thursday, January 18 to “Buy” rating. The stock of PPL Corporation (NYSE:PPL) has “Hold” rating given on Wednesday, October 18 by KeyBanc Capital Markets. The stock has “Neutral” rating by Goldman Sachs on Monday, October 19. The stock of PPL Corporation (NYSE:PPL) earned “Underperform” rating by Macquarie Research on Tuesday, December 19.

The stock increased 0.13% or $0.04 during the last trading session, reaching $31.61. About 6.23M shares traded or 16.84% up from the average. PPL Corporation (NYSE:PPL) has risen 2.43% since January 19, 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 earnings per share, down 18.33 % or $0.11 from last year’s $0.6 per share. PPL’s profit will be $337.34M for 16.13 P/E if the $0.49 EPS becomes a reality. After $0.56 actual earnings per share reported by PPL Corporation for the previous quarter, Wall Street now forecasts -12.50 % 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 $21.76 billion. The firm operates in three divisions: U.K. It has a 14.31 P/E ratio. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

More notable recent PPL Corporation (NYSE:PPL) news were published by: Seekingalpha.com which released: “PPL – UK Woes Might Last For Year(s)” on December 23, 2017, also Streetinsider.com with their article: “PPL Corp. (PPL) Appoints Phoebe A. Wood to Board” published on January 18, 2018, Seekingalpha.com published: “As Per Brokers, 2018’s S&P 500 Index Top Net Gainers Are CenturyLink, Navient …” on January 04, 2018. More interesting news about PPL Corporation (NYSE:PPL) were released by: 247Wallst.com and their article: “General Electric, PPL Corp. Stagger into Wednesday’s 52-Week Low Club” published on December 20, 2017 as well as Seekingalpha.com‘s news article titled: “PPL Corporation: Intriguing Value With 15% Upside And A 4.8% Dividend Yield” with publication date: December 20, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.