PPL (NYSE:PPL) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PPL (NYSE:PPLGet Rating) issued its quarterly earnings data on Thursday. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01, MarketWatch Earnings reports. PPL had a negative net margin of 25.59% and a positive return on equity of 5.88%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.28 EPS. PPL’s revenue for the quarter was up 19.0% on a year-over-year basis.

Shares of PPL stock opened at $28.80 on Friday. The stock has a fifty day moving average price of $27.96 and a 200 day moving average price of $28.64. The company has a quick ratio of 2.02, a current ratio of 2.16 and a debt-to-equity ratio of 0.78. PPL has a 1 year low of $25.26 and a 1 year high of $30.72.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Wednesday, March 9th. PPL’s dividend payout ratio (DPR) is -41.88%.

A number of equities analysts recently issued reports on the company. Argus lowered PPL from a “buy” rating to a “hold” rating in a report on Monday, April 4th. StockNews.com assumed coverage on PPL in a research note on Thursday, March 31st. They set a “hold” rating for the company. Bank of America lifted their price objective on shares of PPL from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, January 18th. Mizuho cut their price objective on shares of PPL from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, February 24th. Finally, Credit Suisse Group began coverage on shares of PPL in a report on Monday, April 25th. They issued an “outperform” rating and a $33.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.60.

Institutional investors have recently bought and sold shares of the business. JustInvest LLC raised its stake in shares of PPL by 63.0% during the 4th quarter. JustInvest LLC now owns 21,904 shares of the utilities provider’s stock worth $658,000 after buying an additional 8,463 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of PPL during the 4th quarter worth approximately $770,000. Virtu Financial LLC acquired a new position in shares of PPL during the 4th quarter worth approximately $296,000. Toroso Investments LLC lifted its stake in PPL by 78.0% in the 4th quarter. Toroso Investments LLC now owns 19,375 shares of the utilities provider’s stock valued at $582,000 after buying an additional 8,490 shares in the last quarter. Finally, Qtron Investments LLC acquired a new stake in PPL during the 4th quarter valued at $204,000. 65.63% of the stock is currently owned by institutional investors.

About PPL (Get Rating)

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia.

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Earnings History for PPL (NYSE:PPL)

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