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NYSE:PPL

PPL (PPL) Stock Price, News & Analysis

$29.44
+0.22 (+0.75%)
(As of 07/26/2024 ET)
Today's Range
$29.25
$29.54
50-Day Range
$27.36
$29.84
52-Week Range
$22.20
$29.89
Volume
3.98 million shs
Average Volume
4.82 million shs
Market Capitalization
$21.72 billion
P/E Ratio
28.58
Dividend Yield
3.50%
Price Target
$32.36

PPL MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
9.9% Upside
$32.36 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.27
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.98%
From $1.72 to $1.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.30 out of 5 stars

Utilities Sector

58th out of 90 stocks

Electric Services Industry

26th out of 43 stocks

PPL stock logo

About PPL Stock (NYSE: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. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

PPL Stock Price History

PPL Stock News Headlines

Breaking News: Elon Musk Invents New Type of A.I. (Shocking)
Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
PPL Corporation: Slow Growth But A Secure Dividend
Breaking News: Elon Musk Invents New Type of A.I. (Shocking)
Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
Q1 2024 PPL Corp Earnings Call Transcript
Q1 2024 PPL Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 7/1 Dividend
6/10/2024
Dividend Payable
7/01/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
69351T10
Employees
6,629
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$32.36
High Stock Price Target
$52.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$740 million
Pretax Margin
11.56%

Debt

Sales & Book Value

Annual Sales
$8.31 billion
Cash Flow
$3.45 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
736,118,000
Market Cap
$21.72 billion
Optionable
Optionable
Beta
0.81

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Key Executives

Should I Buy PPL Stock? PPL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PPL Co.:

  • PPL's stock price has been showing an upward trend, currently trading at $28.36, with analysts setting an average price target of $32.45, indicating potential for capital appreciation.
  • PPL has a consistent track record of paying dividends, with a current dividend yield of 3.63%, providing investors with a steady income stream.
  • Analysts have given PPL a consensus rating of "Moderate Buy," suggesting positive sentiment and growth potential in the company.
  • PPL's recent quarterly earnings report exceeded analyst expectations, indicating strong financial performance and potential for future growth.
  • PPL operates in the energy sector, which is essential and stable, providing a defensive investment option for investors seeking reliability.

Cons

Investors should be bearish about investing in PPL Co. for these reasons:

  • PPL's P/E ratio of 27.53 and P/E/G ratio of 2.44 may indicate that the stock is currently overvalued, potentially limiting short-term gains for investors.
  • The company's revenue was down 4.6% on a year-over-year basis, signaling a decline in top-line growth that could impact future profitability.
  • PPL's debt-to-equity ratio of 1.12 may raise concerns about the company's leverage and financial stability, posing risks for investors in case of economic downturns.
  • While PPL has received positive ratings from analysts, the stock has also faced downgrades in the past, highlighting potential volatility in investor sentiment.
  • The energy sector is subject to regulatory changes and market fluctuations, which could impact PPL's operations and financial performance, leading to uncertainties for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL Stock Analysis - Frequently Asked Questions

How have PPL shares performed this year?

PPL's stock was trading at $27.10 on January 1st, 2024. Since then, PPL stock has increased by 8.6% and is now trading at $29.44.
View the best growth stocks for 2024 here
.

How were PPL's earnings last quarter?

PPL Co. (NYSE:PPL) announced its quarterly earnings results on Wednesday, May, 1st. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The company's quarterly revenue was down 4.6% on a year-over-year basis.
Read the conference call transcript
.

Does PPL have any subsidiaries?

PPL subsidiaries include these companies: Safari Energy, AES Ironwood, AES Prescott, CEP Reserves Inc., Kentucky Utilities Company, LG&E and KU Energy LLC, Louisville Gas and Electric Company, and others.

Who are PPL's major shareholders?

Top institutional shareholders of PPL include Bank of New York Mellon Corp (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Raymond James & Associates (0.21%) and Ceredex Value Advisors LLC (0.19%). Insiders that own company stock include Vincent Sorgi, David J Bonenberger, Joseph P Bergstein Jr, Stephanie R Raymond, John R Crockett III and Gregory N Dudkin.
View institutional ownership trends
.

How do I buy shares of PPL?

Shares of PPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PPL own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PPL investors own include AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

This page (NYSE:PPL) was last updated on 7/26/2024 by MarketBeat.com Staff

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