Stock Update (NYSE:PPL): PPL Corporation Sets Annual Meeting Date

[PR Newswire] – ALLENTOWN, Pa., Dec. 18, 2015 /PRNewswire/ — PPL Corporation (NYSE: PPL) has scheduled the company’s annual meeting of shareowners for Wednesday, May 25, 2016. The meeting will be held at the PPL Center, … Read more on this. PPL Corporation (PPL) , valued at $22.69B, opened this morning at $33.83. A quick look at the market, the company’s stock traded between $32.87 and $33.86 with its 52-week range being $29.18 to $38.14. PPL shares are currently priced at 15.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.93x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.51 per share annually in dividends, yielding 4.54%. Consensus earnings for the current quarter by the 11 sell-side analysts covering the stock is an estimate of $0.44 per share, which would be $0.14 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.21 is a $0.24 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.70 Billion. If realized, that would be a 57.71% decrease over the year-ago quarter. More recently, Jefferies upgraded PPL from Hold to Buy (Jun 22, 2015). Previously, Tudor Pickering downgraded PPL from Buy to Hold. Investors should keep in mind is that the average price target is $36.06, which is 6.59% above where the stock opened this morning. See more in (NYSE:PPL) Similar Articles: Stock Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares; Sets Date For 2016 Annual Meeting Stock Update (NYSE:PPL): PPL Corporation Reports Third-Quarter Earnings Stock Update: PPL Corporation (NYSE:PPL) – PPL Corporation to Participate in the Barclays CEO Energy-Power Conference