PPL - PPL Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PPL shares.
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10 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 stock price to reach $30.63 in the next year. This suggests a possible upside of 10.2% 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 4.9% and is now trading at $27.79.
View the best growth stocks for 2023 here.

PPL saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 11,890,000 shares, an increase of 36.7% from the February 13th total of 8,700,000 shares. Based on an average trading volume of 5,150,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.6% of the shares of the stock are sold short.
View PPL's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our PPL earnings forecast.

PPL Co. (NYSE:PPL) posted its earnings results on Friday, February, 17th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The utilities provider had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $1.62 billion. PPL had a trailing twelve-month return on equity of 7.50% and a net margin of 9.57%. The company's revenue was up 54.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS.
Read the conference call transcript.

PPL announced a quarterly dividend on Friday, February 17th. Investors of record on Friday, March 10th will be paid a dividend of $0.24 per share on Monday, April 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, March 9th. This is a positive change from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for PPL.

ETFs with the largest weight of PPL (NYSE:PPL) stock in their portfolio include Invesco S&P 500 Equal Weight Utilities ETF (RYU), Virtus Reaves Utilities ETF (UTES), 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), Vanguard Utilities ETF (VPU) and Strategas Macro Thematic Opportunities ETF (SAMT).

PPL (NYSE:PPL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.54%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 93.20%. 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 56.47% 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 Friday, March, 24th. The company provided EPS guidance of $1.50-1.65 for the period, compared to the consensus EPS 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 institutional and retail investors. Top institutional investors include Geode Capital Management LLC (2.16%), Mitsubishi UFJ Trust & Banking Corp (1.26%), Legal & General Group Plc (0.98%), Franklin Resources Inc. (0.86%), Morgan Stanley (0.77%) and Macquarie Group Ltd. (0.74%). Insiders that own company stock include David J Bonenberger, Gregory N Dudkin, Joanne H Raphael, 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 $27.79.

PPL (NYSE:PPL) has a market capitalization of $20.47 billion and generates $7.90 billion in revenue each year. The utilities provider earns $756 million in net income (profit) each year or $1.03 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.