Confidence in PPL Corp (NYSE:PPL) Shares by BofA Merrill Fall.

PPL Corporation (NYSE:PPL) Logo

Investors sentiment decreased to 0.94 in 2018 Q3. Its down 0.27, from 1.21 in 2018Q2. It worsened, as 38 investors sold PPL Corporation shares while 225 reduced holdings. 68 funds opened positions while 179 raised stakes. 525.30 million shares or 3.15% less from 542.38 million shares in 2018Q2 were reported.

Bollard Grp Limited Liability holds 0.45% or 386,216 shares in its portfolio. Ancora Lc stated it has 7,185 shares. 4.13M are held by Morgan Stanley. American Int Gru accumulated 411,931 shares. Hilltop Holding Incorporated accumulated 25,666 shares or 0.16% of the stock. Regions Fincl, Alabama-based fund reported 1.21M shares. Axa owns 47,409 shares or 0.01% of their US portfolio. Berkshire Asset Management Llc Pa holds 1.46% in PPL Corporation (NYSE:PPL) or 589,933 shares. Cibc Asset Mgmt owns 142,539 shares. Moreover, Davenport Communication Lc has 0% invested in PPL Corporation (NYSE:PPL) for 9,563 shares. 102,059 were reported by Metropolitan Life Ins. Greenleaf stated it has 7,043 shares. Personal Capital Corporation holds 1.01 million shares or 0.38% of its portfolio. Citadel Advisors Ltd owns 1.72M shares or 0.02% of their US portfolio. Moors Cabot Inc holds 60,968 shares or 0.22% of its portfolio.

PPL Corp (NYSE:PPL) Receives a Downgrade

It appears that trading for shares of PPL Corp (NYSE:PPL) will be interesting to watch today. BofA Merrill downgraded the stock from their past Neutral rating to a more current Underperform.

PPL Corporation (NYSE:PPL) Ratings Coverage

Among 4 analysts covering PPL (NYSE:PPL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. PPL has $33 highest and $29 lowest target. $31’s average target is 7.38% above currents $28.87 stock price. PPL had 5 analyst reports since July 16, 2018 according to SRatingsIntel. Morgan Stanley maintained PPL Corporation (NYSE:PPL) rating on Monday, July 16. Morgan Stanley has “Equal-Weight” rating and $29 target. Morgan Stanley maintained PPL Corporation (NYSE:PPL) rating on Tuesday, September 11. Morgan Stanley has “Equal-Weight” rating and $30 target. Wells Fargo maintained it with “Market Perform” rating and $33 target in Monday, September 17 report. Deutsche Bank downgraded the shares of PPL in report on Wednesday, August 8 to “Hold” rating.

The stock decreased 2.14% or $0.63 during the last trading session, reaching $28.87. About 3.17 million shares traded. PPL Corporation (NYSE:PPL) has declined 12.08% since January 14, 2018 and is downtrending. It has underperformed by 12.08% the S&P500.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on February, 28. They expect $0.49 EPS, down 10.91 % or $0.06 from last year’s $0.55 per share. PPL’s profit will be $352.90M for 14.73 P/E if the $0.49 EPS becomes a reality. After $0.59 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -16.95 % 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 $20.79 billion. The firm operates in three divisions: U.K. It has a 13.56 P/E ratio. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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