PPL (NYSE:PPL - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.750-1.870 for the period, compared to the consensus earnings per share estimate of 1.819. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on PPL shares. Morgan Stanley dropped their target price on shares of PPL from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Guggenheim boosted their target price on PPL from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Barclays upgraded PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded PPL from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, PPL currently has an average rating of "Buy" and a consensus target price of $36.70.
Check Out Our Latest Report on PPL
PPL Trading Down 1.2%
Shares of PPL opened at $35.59 on Thursday. PPL has a 12-month low of $29.60 and a 12-month high of $36.99. The firm has a market capitalization of $26.31 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.60 and a beta of 0.64. The stock's 50-day moving average price is $34.52 and its 200 day moving average price is $34.56. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.
PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.07). PPL had a return on equity of 9.14% and a net margin of 11.49%. During the same quarter last year, the company earned $0.38 EPS. PPL's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts predict that PPL will post 1.83 earnings per share for the current year.
PPL Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were paid a $0.2725 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.09 dividend on an annualized basis and a yield of 3.06%. PPL's dividend payout ratio is currently 80.74%.
Insider Buying and Selling at PPL
In other news, COO David J. Bonenberger sold 2,165 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company's stock.
Institutional Trading of PPL
A number of hedge funds have recently modified their holdings of the company. Woodline Partners LP raised its holdings in shares of PPL by 40.7% in the 1st quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider's stock worth $2,252,000 after purchasing an additional 18,057 shares during the period. Empowered Funds LLC grew its holdings in PPL by 39.5% in the first quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider's stock worth $692,000 after purchasing an additional 5,428 shares during the period. Finally, Focus Partners Wealth grew its holdings in PPL by 13.0% in the first quarter. Focus Partners Wealth now owns 26,861 shares of the utilities provider's stock worth $971,000 after purchasing an additional 3,084 shares during the period. Institutional investors own 76.99% of the company's stock.
About PPL
(
Get Free Report)
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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