Shares of PPL Co. (NYSE:PPL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.14.
Several equities research analysts have issued reports on PPL shares. StockNews.com started coverage on PPL in a research note on Thursday, August 17th. They set a “hold” rating for the company. Barclays assumed coverage on PPL in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $26.00 price objective on the stock. Guggenheim decreased their price objective on PPL from $34.00 to $31.00 in a report on Friday, July 7th. Royal Bank of Canada decreased their price objective on PPL from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, Morgan Stanley decreased their price objective on PPL from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd.
Institutional Inflows and Outflows
PPL Price Performance
NYSE:PPL opened at $25.66 on Monday. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.19 and a beta of 0.79. PPL has a 52-week low of $23.47 and a 52-week high of $31.74. The stock has a fifty day moving average of $26.01 and a 200 day moving average of $26.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.90 and a current ratio of 1.09.
PPL (NYSE:PPL – Get Free Report) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.27 billion. PPL had a net margin of 8.79% and a return on equity of 7.75%. PPL’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, research analysts expect that PPL will post 1.58 EPS for the current fiscal year.
PPL Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.96 dividend on an annualized basis and a yield of 3.74%. PPL’s dividend payout ratio is presently 92.31%.
PPL Company Profile
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 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.
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