Brokerages Set PPL Corporation (NYSE:PPL) PT at $41.20

Shares of PPL Corporation (NYSE:PPL) have been given an average rating of “Buy” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.20.

Several research analysts have commented on PPL shares. BMO Capital Markets lifted their price objective on shares of PPL from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Evercore ISI started coverage on shares of PPL in a report on Monday, October 6th. They issued an “outperform” rating and a $43.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of PPL from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reissued a “buy (b)” rating on shares of PPL in a research note on Wednesday, October 8th. Finally, BTIG Research raised shares of PPL to a “strong-buy” rating in a research report on Wednesday, October 22nd.

Institutional Investors Weigh In On PPL

Institutional investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp acquired a new position in shares of PPL in the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates purchased a new stake in PPL during the 3rd quarter valued at about $30,000. Ancora Advisors LLC increased its holdings in shares of PPL by 8,350.0% in the first quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 835 shares during the period. Truvestments Capital LLC raised its stake in shares of PPL by 5,352.9% in the first quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 910 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of PPL by 322.5% during the third quarter. Sound Income Strategies LLC now owns 959 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 732 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Trading Up 0.4%

PPL opened at $34.81 on Friday. The stock has a 50-day moving average of $35.95 and a 200 day moving average of $35.77. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.18. PPL has a 12 month low of $31.22 and a 12 month high of $38.26. The firm has a market cap of $25.75 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.60 and a beta of 0.69.

PPL (NYSE:PPL) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. PPL had a return on equity of 9.08% and a net margin of 12.16%.PPL’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. As a group, research analysts forecast that PPL will post 1.83 EPS for the current year.

PPL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a yield of 3.1%. PPL’s dividend payout ratio (DPR) is presently 73.65%.

PPL Company Profile

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.