PPL Corporation (NYSE:PPL) Receives $40.64 Consensus PT from Brokerages

Shares of PPL Corporation (NYSE:PPL) have been assigned an average recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.6364.

PPL has been the subject of several research reports. Evercore ISI started coverage on shares of PPL in a research report on Monday, October 6th. They set an “outperform” rating and a $43.00 price target for the company. Wells Fargo & Company started coverage on shares of PPL in a research report on Monday, October 27th. They issued an “overweight” rating and a $43.00 price target on the stock. BMO Capital Markets lifted their price target on shares of PPL from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Barclays upped their price objective on PPL from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Finally, UBS Group lifted their target price on PPL from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, October 10th.

Institutional Investors Weigh In On PPL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPL. Williams Jones Wealth Management LLC. boosted its position in shares of PPL by 3.2% in the third quarter. Williams Jones Wealth Management LLC. now owns 29,947 shares of the utilities provider’s stock worth $1,113,000 after purchasing an additional 925 shares during the period. Triumph Capital Management bought a new position in PPL in the 3rd quarter worth $173,000. Horizon Investments LLC increased its stake in PPL by 2.2% in the 3rd quarter. Horizon Investments LLC now owns 24,991 shares of the utilities provider’s stock worth $929,000 after buying an additional 540 shares in the last quarter. von Borstel & Associates Inc. bought a new stake in PPL during the third quarter valued at about $235,000. Finally, Parallel Advisors LLC raised its holdings in PPL by 3.8% during the third quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 341 shares during the period. Institutional investors own 76.99% of the company’s stock.

PPL Price Performance

NYSE PPL opened at $36.90 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.49. PPL has a 1-year low of $31.22 and a 1-year high of $38.26. The stock has a market capitalization of $27.30 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.74 and a beta of 0.66. The business’s fifty day moving average price is $36.82 and its 200-day moving average price is $35.76.

PPL (NYSE:PPL) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. PPL had a return on equity of 8.81% and a net margin of 11.22%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. On average, equities analysts predict that PPL will post 1.83 earnings per share for the current year.

PPL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be paid a dividend of $0.2725 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. PPL’s payout ratio is 73.65%.

PPL Company Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.