NYSE:PPL

PPL (PPL) Stock Price, News & Analysis

$28.01
+0.01 (+0.04%)
(As of 10:15 AM ET)
Today's Range
$27.91
$28.11
50-Day Range
$26.01
$28.00
52-Week Range
$22.20
$28.93
Volume
398,761 shs
Average Volume
4.92 million shs
Market Capitalization
$20.66 billion
P/E Ratio
28.01
Dividend Yield
3.68%
Price Target
$32.50

PPL MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.6% Upside
$32.09 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.27
Upright™ Environmental Score
News Sentiment
0.37mentions of PPL in the last 14 days
Based on 24 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.

4.27 out of 5 stars

Utilities Sector

28th out of 89 stocks

Electric Services Industry

15th out of 42 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

The biggest energy story ever?
Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…
PPL (NYSE:PPL) Rating Lowered to Sell at StockNews.com
Q1 2024 PPL Corp Earnings Call Transcript
Q1 2024 PPL Corp Earnings Call
The biggest energy story ever?
Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…
PPL (NYSE:PPL) Upgraded to "Hold" by StockNews.com
PPL (PPL) to Release Earnings on Wednesday
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
5/01/2024
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
+16.1%
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
$3.47 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
735,980,000
Market Cap
$20.65 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?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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?

10 brokers have issued 12 month price targets for PPL's shares. Their PPL share price targets range from $25.00 to $52.00. On average, they predict the company's stock price to reach $32.09 in the next year. This suggests a possible upside of 14.6% 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 start of the year. Since then, PPL stock has increased by 3.3% and is now trading at $28.00.
View the best growth stocks for 2024 here
.

How were PPL's earnings last quarter?

PPL Co. (NYSE:PPL) released its quarterly earnings results on Friday, February, 16th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The utilities provider had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.56 billion. PPL had a net margin of 8.90% and a trailing twelve-month return on equity of 8.45%. The business's revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share.
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. Shareholders 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 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase 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 3.75%. 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 updated its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $1.63-1.75 for the period, compared to the consensus estimate of $1.70.

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 number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (0.76%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Raymond James & Associates (0.20%), Principal Financial Group Inc. (0.12%), New York State Teachers Retirement System (0.09%) and Janney Montgomery Scott LLC (0.06%). 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 5/2/2024 by MarketBeat.com Staff

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