Shares of PPL Co. (NYSE:PPL – Get Free Report) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.36.
PPL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on PPL from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America boosted their price objective on PPL from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Mizuho boosted their price objective on PPL from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley cut their price objective on PPL from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, June 24th.
Get Our Latest Analysis on PPL
Institutional Inflows and Outflows
PPL Trading Down 0.3 %
PPL stock opened at $28.62 on Friday. The business has a 50-day simple moving average of $28.40 and a two-hundred day simple moving average of $27.41. The company has a market cap of $21.11 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.45 and a beta of 0.81. PPL has a 52-week low of $22.20 and a 52-week high of $29.89. The company has a quick ratio of 1.08, a current ratio of 1.28 and a debt-to-equity ratio of 1.12.
PPL (NYSE:PPL – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.39 billion. PPL had a return on equity of 8.80% and a net margin of 9.29%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Analysts predict that PPL will post 1.71 EPS for the current year.
PPL Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were issued a $0.2575 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.03 dividend on an annualized basis and a yield of 3.60%. PPL’s dividend payout ratio is presently 100.00%.
About 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.
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