New Post has been published on Stock Markets Daily
New Post has been published on http://www.stockmarketsdaily.com/latest-updates-ppl-corporation-nyseppl/7627/
Latest Updates on PPL Corporation (NYSE:PPL)
(adsbygoogle = window.adsbygoogle || []).push();
[PRNewsWire] PPL Corporation (NYSE:PPL) and Riverstone Holdings LLC affiliate RJS Power Holdings LLC filed a joint response Tuesday (1/27) with the Federal Energy Regulatory Commission accepting additional market power mitigation measures required for FERC approval of the previously announced spinoff of PPL Energy Supply and its combination with competitive generation assets owned by RJS Power Holdings. The combination is expected to establish a new independent power producer called Talen Energy..… Read the full article here.
PPL Corporation (NYSE:PPL) [Trend Analysis] last released quarterly earnings on November 4th for the period ending September 30th 2014. The company reported actual earnings per share of $0.54 against Zack’s Research estimate of $0.52. This represents a 3.85% (0.02) surprise upside to the expected number.
The average broker recommendation according to Zacks is 2.23 based on 13 recommendations. On a consensus basis, analysts have a short term target price of $38.70 and expect a long term growth rate of -2.10%. Out of 265 companies within the Utilities Electric Power industry, the company sits at 112. Zacks gives a current quarter EPS estimate of 0.50 and a Hold rating of 3 which is based on short term performance over the next one to three months. Of the companies included in the Zack’s consensus rating, 5 rate the stock a Strong Buy and 8 see it as a Hold.
PPL Corporation (NYSE:PPL), an energy and utility holding company, generates, transmits, distributes, and sells electricity to wholesale and retail customers in the Pennsylvania, Kentucky, Virginia, Tennessee, and the United Kingdom. The company operates in four segments: Kentucky Regulated, U.K. Regulated, Pennsylvania Regulated, and Supply. It is also involved in the distribution and sale of natural gas in Kentucky. In addition, the company develops renewable energy projects; and provides energy-related products and services to commercial and industrial customers. As of February 17, 2014, it owned approximately 18,000 megawatts of generating capacity in the United States; and delivered electricity and natural gas to approximately 10 million customers in the United States and the United Kingdom. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
