PPL (PPL) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPL in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PPL shares.
View PPL analyst ratings or view top-rated stocks.

8 brokers have issued 12-month price objectives for PPL's stock. Their PPL share price forecasts range from $27.00 to $34.00. On average, they expect the company's share price to reach $31.00 in the next year. This suggests a possible upside of 16.9% from the stock's current price.
View analysts price targets for PPL or view top-rated stocks among Wall Street analysts.

PPL's stock was trading at $29.22 at the start of the year. Since then, PPL shares have decreased by 9.2% and is now trading at $26.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PPL earnings forecast.

PPL Co. (NYSE:PPL) announced its quarterly earnings results on Thursday, May, 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The utilities provider earned $2.42 billion during the quarter, compared to the consensus estimate of $1.86 billion. PPL had a trailing twelve-month return on equity of 7.81% and a net margin of 9.00%. The firm's quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share.
Read the conference call transcript.

PPL announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.24 per share on Monday, July 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for PPL.

ETFs with the largest weight of PPL (NYSE:PPL) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN), First Trust Utilities AlphaDEX Fund (FXU), Utilities Select Sector SPDR Fund (XLU), First Trust North American Energy Infrastructure Fund (EMLP), Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Utilities ETF (VPU).

PPL (NYSE:PPL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 91.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PPL will have a dividend payout ratio of 56.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PPL.

PPL updated its FY23 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.50-1.65 for the period, compared to the consensus earnings per share estimate of $1.59.

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

PPL trades on the New York Stock Exchange (NYSE) under the ticker symbol "PPL."

PPL's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.16%), State Street Corp (5.36%), Hotchkis & Wiley Capital Management LLC (2.07%), Geode Capital Management LLC (2.06%), Bank of New York Mellon Corp (1.77%) and FMR LLC (1.63%). Insiders that own company stock include David J Bonenberger, Gregory N Dudkin, Joanne H Raphael, John R Crockett III, Joseph P Bergstein Jr, Stephanie R Raymond and Vincent Sorgi.
View institutional ownership trends.

Shares of PPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PPL stock can currently be purchased for approximately $26.52.

PPL (NYSE:PPL) has a market capitalization of $19.55 billion and generates $7.90 billion in revenue each year. The utilities provider earns $756 million in net income (profit) each year or $1.05 on an earnings per share basis.

The company employs 6,527 workers across the globe.

PPL's mailing address is TWO N NINTH ST, ALLENTOWN PA, 18101. The official website for the company is www.pplweb.com. The utilities provider can be reached via phone at (610) 774-5151, via email at invrel@pplweb.com, or via fax at 610-774-5106.