PPL Co. (NYSE:PPL – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.40.
A number of equities analysts have recently commented on the stock. Barclays upped their price target on shares of PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley increased their target price on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group started coverage on PPL in a research report on Thursday, September 19th. They issued a “buy” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. began coverage on PPL in a research report on Friday. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, September 16th.
Check Out Our Latest Report on PPL
Institutional Inflows and Outflows
PPL Stock Performance
NYSE PPL opened at $32.43 on Tuesday. The company has a fifty day moving average of $32.26 and a two-hundred day moving average of $29.82. The company has a market capitalization of $23.92 billion, a PE ratio of 31.49, a P/E/G ratio of 2.79 and a beta of 0.82. PPL has a 1 year low of $24.10 and a 1 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 earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.92 billion. PPL had a return on equity of 9.26% and a net margin of 10.17%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. As a group, analysts expect that PPL will post 1.72 earnings per share for the current year.
PPL Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were issued a $0.2575 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.18%. 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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