Shares of PPL Co. (NYSE:PPL – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.22.
Several research firms recently issued reports on PPL. Wells Fargo & Company boosted their price target on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America upped their price target on shares of PPL from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays boosted their price objective on shares of PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday. Morgan Stanley raised their target price on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, Jefferies Financial Group assumed coverage on shares of PPL in a research report on Thursday, September 19th. They issued a “buy” rating and a $38.00 price target for the company.
Get Our Latest Stock Analysis on PPL
Hedge Funds Weigh In On PPL
PPL Price Performance
NYSE:PPL opened at $32.87 on Tuesday. The company has a market cap of $24.25 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.79 and a beta of 0.82. The firm’s fifty day moving average price is $32.20 and its two-hundred day moving average price is $29.77. PPL has a one year low of $23.99 and a one year high of $33.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.11 and a quick ratio of 0.91.
PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. PPL had a net margin of 10.17% and a return on equity of 9.26%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $0.29 EPS. PPL’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts expect that PPL will post 1.72 earnings per share for the current year.
PPL Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.13%. The ex-dividend date was Tuesday, September 10th. PPL’s payout ratio is presently 90.35%.
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.
See Also
- Five stocks we like better than PPL
- How to Effectively Use the MarketBeat Ratings Screener
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- What Does Downgrade Mean in Investing?
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.