Market Update: PPL Corporation (NYSE:PPL) – Market Updates on Electric Utilities Stocks — The AES Corp., Southern, PPL Corp., and Calpine

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 25, 2016 / Park Lane Advisor has initiated coverage on the following equities: The AES Corporation (NYSE: AES), Southern Company (NYSE: SO), PPL Corporation (NYSE: PPL), … Read more on this. PPL Corporation (PPL) , currently valued at $22.76B, began trading this morning at $33.98. During the trading session, PPL traded between $33.71 to $33.99 and has traded between $29.18 and $36.74 over the past 12 months. PPL shares are currently priced at 15.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 2.95x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.51 per share annually in dividends, yielding 4.44%. According to a consensus of 11 analysts, the earnings estimate of $0.44 per share would be $0.14 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.21 would be a $0.24 setback 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 $1.60 Billion. If realized, that would be a 60.20% decrease over the year-ago quarter. Recently, Deutsche Bank upgraded PPL from Hold to Buy (Oct 30, 2015). Previously, Goldman downgraded PPL from Buy to Neutral. The average price target for PPL shares is $36.50, which is 7.42% above where the stock opened this morning. See more in (NYSE:PPL) Similar Articles: Market Update (NYSE:EXC): Diversified Utilities Stocks under Review — Exelon, NRG Energy, Public Service Enterprise Group, and Eversource Energy Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy, Piedmont Natural Gas file with North Carolina Utilities Commission for acquisition approval Stock Update (NYSE:PPL): PPL Electric Utilities Seeks Approval for First Segment Of Proposed New Transmission Line
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