Equities researchers at Jefferies Group upped their target price on shares of PPL Corporation (NYSE:PPL) from $37.00 to $38.00 in a research report issued on Friday, AnalystRatingsNetwork reports. Jefferies Group’s price target suggests a potential upside of 11.08% from the stock’s previous close. PPL Corporation (NYSE:PPL) shares after opening at $33.95 moved to $34.43 on last trade day and at the end of the day closed at $33.80 . Company price to sales ratio in past twelve months was calculated as 2.01 and price to cash ratio as 19.37. PPL Corporation (NYSE:PPL) showed a positive weekly performance of 0.75%.
The Southern Company (NYSE:SO) issued its quarterly earnings data on Wednesday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.14,StockRatingsNetwork.com reports. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The Southern Company (NYSE:SO) shares fell -2.30% in last trading session and ended the day on $44.18. SO return on equity ratio is recorded as 8.90% and its return on assets is 2.60%. The Southern Company (NYSE:SO) yearly performance is -1.91%.
Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, AnalystRatingsNetwork reports. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) shares moved up 2.54% in last trading session and was closed at $7.31 while trading in range of $7.12 – $7.33 – Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) year to date (YTD) performance is 22.65%.
Exelon Corporation (NYSE:EXC) and Pepco Holdings Inc. (NYSE:POM) announced Wednesday that they have signed a definitive agreement to combine the two companies in an all-cash transaction. The agreement, which has been unanimously approved by both companies’ boards of directors, brings together Exelon’s three top-performing electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Atlantic City Electric, Delmarva Power and Pepco – to create the leading Mid-Atlantic electric and gas utility. Pepco Holdings, Inc. (NYSE:POM) weekly performance is 23.48%. On last trading day company shares ended up $26.98. Pepco Holdings, Inc. (NYSE:POM) distance from 50-day simple moving average (SMA50) is 29.61 %. Analysts mean target price for the company is $22.43.