NYSE:PPL

PPL (PPL) Stock Price, News & Analysis

$27.24
-0.13 (-0.47%)
(As of 04/23/2024 ET)
Today's Range
$27.23
$27.56
50-Day Range
$26.01
$27.53
52-Week Range
$22.20
$29.03
Volume
4.28 million shs
Average Volume
4.98 million shs
Market Capitalization
$20.09 billion
P/E Ratio
27.24
Dividend Yield
3.78%
Price Target
$32.50

PPL MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.3% Upside
$32.50 Price Target
Short Interest
Healthy
2.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.27
Upright™ Environmental Score
News Sentiment
0.38mentions of PPL in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.65%
From $1.70 to $1.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Utilities Sector

16th out of 88 stocks

Electric Services Industry

7th out of 40 stocks

PPL stock logo

About PPL Stock (NYSE:PPL)

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. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

PPL Stock Price History

PPL Stock News Headlines

top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
PPL (NYSE:PPL) PT Raised to $30.00
PPL (NYSE:PPL) PT Raised to $31.00 at Royal Bank of Canada
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
PPL Apr 2024 20.000 put
Argus gets more bullish on PPL Corp., upgrades shares
PPL names new Rhode Island Energy president
PPL Corp. price target lowered by $2 at Wells Fargo, here's why
Q4 2023 PPL Corp Earnings Call
Decoding PPL Corp (PPL): A Strategic SWOT Insight
PPL: Q4 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Ex-Dividend for 4/1 Dividend
3/07/2024
Dividend Payable
4/01/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
69351T10
Employees
6,629
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$32.50
High Stock Price Target
$52.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$740 million
Pretax Margin
11.12%

Debt

Sales & Book Value

Annual Sales
$8.31 billion
Cash Flow
$3.46 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
735,980,000
Market Cap
$20.20 billion
Optionable
Optionable
Beta
0.81

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Key Executives

Should I Buy PPL Stock? PPL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PPL Co.:

  • PPL stock trading up 0.3% indicates positive market sentiment and potential for growth.
  • PPL reported earnings per share (EPS) of $0.40 for the quarter, beating analysts' consensus estimates, showcasing strong financial performance.
  • Public Sector Pension Investment Board and other institutional investors increasing their stakes in PPL Co. signal confidence in the company's future prospects.
  • PPL's return on equity of 8.45% demonstrates efficient utilization of shareholder funds to generate profits.
  • PPL's revenue of $2.03 billion during the quarter exceeded analysts' expectations, indicating strong operational performance.

Cons

Investors should be bearish about investing in PPL Co. for these reasons:

  • Despite positive aspects, PPL's revenue was down 11.3% on a year-over-year basis, indicating a decline in top-line growth.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL Stock Analysis - Frequently Asked Questions

Should I buy or sell PPL stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PPL in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPL shares.
View PPL analyst ratings
or view top-rated stocks.

What is PPL's stock price target for 2024?

9 brokers have issued 1 year price objectives for PPL's shares. Their PPL share price targets range from $25.00 to $52.00. On average, they expect the company's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for PPL
or view top-rated stocks among Wall Street analysts.

How have PPL shares performed in 2024?

PPL's stock was trading at $27.10 at the beginning of the year. Since then, PPL stock has increased by 0.5% and is now trading at $27.24.
View the best growth stocks for 2024 here
.

When is PPL's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PPL earnings forecast
.

How can I listen to PPL's earnings call?

PPL will be holding an earnings conference call on Wednesday, May 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were PPL's earnings last quarter?

PPL Co. (NYSE:PPL) posted its earnings results on Friday, February, 16th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The utilities provider had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.56 billion. PPL had a trailing twelve-month return on equity of 8.45% and a net margin of 8.90%. The business's revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS.
Read the conference call transcript
.

How often does PPL pay dividends? What is the dividend yield for PPL?

PPL announced a quarterly dividend on Friday, February 16th. Investors of record on Friday, March 8th will be paid a dividend of $0.2575 per share on Monday, April 1st. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for PPL
.

Is PPL a good dividend stock?

PPL (NYSE:PPL) pays an annual dividend of $1.03 per share and currently has a dividend yield of 3.81%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 103.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PPL will have a dividend payout ratio of 56.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PPL.

What guidance has PPL issued on next quarter's earnings?

PPL issued an update on its FY 2024 earnings guidance on Saturday, April, 6th. The company provided earnings per share (EPS) guidance of 1.630-1.750 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -.

What other stocks do shareholders of PPL own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PPL investors own include AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX) and International Business Machines (IBM).

Who are PPL's major shareholders?

PPL's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.24%), Raymond James & Associates (0.20%), Miller Howard Investments Inc. NY (0.04%), IFM Investors Pty Ltd (0.04%), Allspring Global Investments Holdings LLC (0.03%) and Raymond James Financial Services Advisors Inc. (0.02%). Insiders that own company stock include David J Bonenberger, Gregory N Dudkin, John R Crockett III, Joseph P Bergstein Jr, Stephanie R Raymond and Vincent Sorgi.
View institutional ownership trends
.

How do I buy shares of PPL?

Shares of PPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does PPL have any subsidiaries?
The following companies are subsidiares of PPL: AES Ironwood, AES Prescott, CEP Reserves Inc., Kentucky Utilities Company, LG&E and KU Energy LLC, Louisville Gas and Electric Company, PMDC International Holdings Inc., PPL (Barbados) SRL, PPL Atlantic Holdings LLC, PPL Capital Funding Inc., PPL Electric Utilities Corporation, PPL Energy Funding Corporation, PPL Global LLC, PPL UK Holdings LLC, PPL UK Resources Limited, PPL WPD Limited, Safari Energy, Western Power Distribution (East Midlands) plc, Western Power Distribution (South West) plc, and Western Power Distribution (West Midlands) plc.
Read More
This page (NYSE:PPL) was last updated on 4/23/2024 by MarketBeat.com Staff

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