Published: Sat, January 13, 2018
Business | By Tara Barton

PPL Electric Utilities Corp (NYSE:PPL) Quarterly Sentiment Report

Champlain Investment Partners Llc bought 94,175 shares as the company's stock rose 6.90% with the market. The institutional investor held 9,337 shares of the central company at the end of 2017Q3, valued at $354,000, down from 20,987 at the end of the previous reported quarter. The stock appeared $15.57 above its 52-week highs and is down -5.93% for the last five trades. About 6.29 million shares traded or 24.01% up from the average.

INVESCO LTD. lowered its stake in PPL Corporation (NYSE:PPL) by 0.42% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 14.27% the S&P500. Menta Cap Ltd Liability, California-based fund reported 53,927 shares.

Several other institutional investors have also sold shares of the company. Champlain Investment Partners Llc who had been investing in Fortinet Inc. for a number of months, seems to be bullish on the $7.82 billion market cap company. AllianceBernstein Global High Income Fund (AWF) has risen 7.26% since January 12, 2017 and is uptrending. It has underperformed by 42.16% the S&P500.

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Analysts await PPL Corporation (NYSE:PPL) to report earnings on February, 7. Moreover, Hudson Valley Advsr Adv has 0.18% invested in PPL Corporation (NYSE:PPL) for 18,079 shares. PPL's profit would be $337.34 million giving it 15.86 P/E if the $0.49 EPS is correct. After $0.56 actual EPS reported by PPL Corporation for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.60 as current ratio and on the opponent side the debt to equity ratio was 1.94 and long-term debt to equity ratio also remained 1.79. It worsened, as 37 investors sold PPL shares while 222 reduced holdings. 17 funds opened positions while 36 raised stakes. Thompson Davis & reported 0.03% of its portfolio in PPL Corporation (NYSE:PPL). The hedge fund held 41,000 shares of the integrated oil company at the end of 2017Q3, valued at $1.58M, up from 26,000 at the end of the previous reported quarter. Bedrijfstakpensioenfonds Voor De Media Pno accumulated 46,204 shares. Brick & Kyle Associates owns 74,721 shares or 0.79% of their USA portfolio. Park Avenue Secs Lc owns 6,781 shares.

Ratings analysis reveals 0 of PPL Corp's analysts are positive. Finally, Valeo Financial Advisors LLC purchased a new position in shares of PPL in the third quarter worth about $251,000. Gateway Investment Advisers Limited Liability Corp, Ohio-based fund reported 52,625 shares. Coastland Cap Limited Liability Company holds 261,927 shares. LLC increased its stake in shares of PPL by 0.3% during the second quarter. Cowen & Co upgraded the shares of FTNT in report on Monday, December 14 to "Market Perform" rating. Millennium Management Ltd Llc has 0.26% invested in PPL Corporation (NYSE:PPL). The New Mexico-based New Mexico Educational Retirement Board has invested 0.11% in PPL Corporation (NYSE:PPL). One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Therefore 36% are positive. ValuEngine raised PPL from a hold rating to a buy rating in a report on Friday, September 1st. RBC Capital Markets maintained the stock with "Buy" rating in Monday, October 9 report. The firm has "Hold" rating given on Thursday, July 14 by Jefferies. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy PPL Corporation (NYSE:PPL). UBS has "Buy" rating and $33 target. The rating was maintained by Jefferies with "Buy" on Wednesday, July 29. Bank of America Corporation downgraded PPL Corporation from a "buy" rating to a "neutral" rating and set a $32.00 price target on the a research note on Tuesday, November 22nd. The firm has "Sell" rating by Goldman Sachs given on Tuesday, January 17. The stock of PPL Corporation (NYSE:PPL) has "Buy" rating given on Wednesday, July 19 by Jefferies. The rating was maintained by Loop Capital with "Hold" on Tuesday, October 31. RBC Capital Markets has "Hold" rating and $38.0 target. The firm has "Hold" rating given on Tuesday, January 26 by Deutsche Bank. Bank of New York Mellon Corp now owns 10,400,675 shares of the company's stock valued at $359,553,000 after buying an additional 811,966 shares in the last quarter.

Among 35 analysts covering Fortinet Inc. (NYSE:HCP) on Thursday, February 11 to "Sell" rating. The firm's quarterly revenue was down 2.3% compared to the same quarter a year ago. M's profit will be $746.18M for 2.68 P/E if the $2.45 EPS becomes a reality.

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