PPL (NYSE:PPL) Price Target Raised to $40.00

PPL (NYSE:PPL) had its price target upped by Mizuho from $39.00 to $40.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective suggests a potential upside of 3.94% from the stock’s previous close.

PPL has been the subject of a number of other reports. Morgan Stanley reissued an “overweight” rating and set a $42.00 price objective on shares of PPL in a report on Friday, February 20th. Citigroup boosted their target price on PPL from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Wells Fargo & Company cut their target price on PPL from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their target price on PPL from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, UBS Group upped their price objective on shares of PPL from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and an average price target of $41.08.

PPL Price Performance

PPL stock opened at $38.49 on Monday. The stock has a 50-day moving average price of $36.76 and a two-hundred day moving average price of $36.31. The company has a market capitalization of $28.91 billion, a PE ratio of 24.05, a P/E/G ratio of 2.69 and a beta of 0.70. PPL has a 12 month low of $32.50 and a 12 month high of $39.08. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.21.

PPL (NYSE:PPL) last released its quarterly earnings results on Friday, February 20th. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). PPL had a net margin of 13.06% and a return on equity of 9.29%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts expect that PPL will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PPL. Align Financial LLC bought a new stake in shares of PPL in the 4th quarter worth approximately $361,000. Captrust Financial Advisors raised its holdings in shares of PPL by 62.8% during the fourth quarter. Captrust Financial Advisors now owns 115,776 shares of the utilities provider’s stock valued at $4,054,000 after acquiring an additional 44,657 shares in the last quarter. Williams Jones Wealth Management LLC. raised its holdings in shares of PPL by 8.2% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 32,415 shares of the utilities provider’s stock valued at $1,135,000 after acquiring an additional 2,468 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in PPL by 28.2% in the fourth quarter. Arkadios Wealth Advisors now owns 12,144 shares of the utilities provider’s stock valued at $425,000 after acquiring an additional 2,668 shares in the last quarter. Finally, Rossby Financial LCC increased its position in PPL by 70.0% during the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,240 shares during the period. Hedge funds and other institutional investors own 76.99% of the company’s stock.

About PPL

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.