Will PPL Corporation (PPL) Short Squeeze Soon?

May 16, 2018 - By Mary Hughes

PPL Corporation (NYSE:PPL) Logo

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.05, from 1.1 in 2017Q3. It is positive, as 52 investors sold PPL Corporation shares while 213 reduced holdings. 79 funds opened positions while 226 raised stakes. 479.50 million shares or 0.01% less from 479.53 million shares in 2017Q3 were reported.
Tower Rech Cap Ltd Llc (Trc) has invested 0% of its portfolio in PPL Corporation (NYSE:PPL). Whittier Trust Co Of Nevada reported 864 shares. John G Ullman Assoc stated it has 7,800 shares. First Allied Advisory Ser invested in 25,331 shares. Sumitomo Mitsui Trust holds 2.14M shares. Rhode Island-based Compton Mngmt Ri has invested 0.33% in PPL Corporation (NYSE:PPL). Maryland-based Edgemoor Inv Inc has invested 0.11% in PPL Corporation (NYSE:PPL). Wetherby Asset Mngmt reported 6,559 shares stake. 95,856 are owned by Affinity Investment Advisors. Loomis Sayles Lp owns 29,479 shares. Exane Derivatives holds 10,789 shares or 0.06% of its portfolio. Prudential Fincl accumulated 0.2% or 4.75M shares. Victory Capital Mngmt Incorporated invested in 527,977 shares. 7,500 are held by Capstone Advisors Limited Liability Co. Everence Management has invested 0.19% in PPL Corporation (NYSE:PPL).

The stock of PPL Corporation (NYSE:PPL) hit a new 52-week low and has $25.39 target or 6.00 % below today’s $27.01 share price. The 7 months bearish chart indicates high risk for the $18.88B company. The 1-year low was reported on May, 16 by Barchart.com. If the $25.39 price target is reached, the company will be worth $1.13 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.81% or $0.22 during the last trading session, reaching $27.01. About 5.12 million shares traded. PPL Corporation (NYSE:PPL) has declined 25.72% since May 16, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

Analysts await PPL Corporation (NYSE:PPL) to report earnings on August, 2. They expect $0.53 earnings per share, up 1.92 % or $0.01 from last year’s $0.52 per share. PPL’s profit will be $370.49M for 12.74 P/E if the $0.53 EPS becomes a reality. After $0.74 actual earnings per share reported by PPL Corporation for the previous quarter, Wall Street now forecasts -28.38 % negative EPS growth.

PPL Corporation (NYSE:PPL) Ratings Coverage

Among 6 analysts covering PPL (NYSE:PPL), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. PPL had 11 analyst reports since December 19, 2017 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Tuesday, December 19 to “Underperform”. The company was maintained on Tuesday, January 2 by Guggenheim. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 1. The firm has “Buy” rating by SunTrust given on Monday, February 12. The firm has “Buy” rating given on Tuesday, December 26 by SunTrust. The firm earned “Buy” rating on Friday, February 23 by UBS. SunTrust maintained the shares of PPL in report on Friday, February 23 with “Buy” rating. The rating was upgraded by Deutsche Bank on Thursday, January 18 to “Buy”. The stock of PPL Corporation (NYSE:PPL) earned “Outperform” rating by RBC Capital Markets on Tuesday, March 6. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report.

More news for PPL Corporation (NYSE:PPL) were recently published by: Seekingalpha.com, which released: “PPL Corporation 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Prnewswire.com‘s article titled: “PPL to Pay Quarterly Stock Dividend July 2” and published on May 16, 2018 is yet another important article.

PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. The company has market cap of $18.88 billion. The firm operates in three divisions: U.K. It currently has negative earnings. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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