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NYSE:PPL

PPL (PPL) Stock Price, News & Analysis

$27.91
0.00 (0.00%)
(As of 11:18 AM ET)
Today's Range
$27.81
$28.05
50-Day Range
$26.01
$29.84
52-Week Range
$22.20
$29.89
Volume
539,289 shs
Average Volume
4.87 million shs
Market Capitalization
$20.59 billion
P/E Ratio
27.10
Dividend Yield
3.69%
Price Target
$32.45

PPL MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
16.3% Upside
$32.45 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.27
Upright™ Environmental Score
News Sentiment
0.79mentions of PPL in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.60%
From $1.71 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.

4.50 out of 5 stars

Utilities Sector

21st out of 89 stocks

Electric Services Industry

8th 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

PPL Corporation: Slow Growth But A Secure Dividend
Beta testers blew this thing up
This AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and finds hot stocks that you probably have never even heard of… …it recommends the best potential strategy to use on the names it finds (with historical data to prove it)
PPL Co. (NYSE:PPL) Announces Quarterly Dividend of $0.26
Beta testers blew this thing up
This AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and finds hot stocks that you probably have never even heard of… …it recommends the best potential strategy to use on the names it finds (with historical data to prove it)
Q1 2024 PPL Corp Earnings Call Transcript
Q1 2024 PPL Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/07/2024
Dividend Payable
4/01/2024
Last Earnings
5/01/2024
Ex-Dividend for 7/1 Dividend
6/10/2024
Today
6/17/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
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
$32.45
High Stock Price Target
$52.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+16.3%
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
$8.20 billion
Cash Flow
$3.40 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
736,118,000
Market Cap
$20.59 billion
Optionable
Optionable
Beta
0.82

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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 Co. has a consistent track record of paying dividends, offering investors a reliable income stream.
  • Recent analyst ratings have been positive, with several analysts upgrading PPL's stock and increasing price targets, indicating growth potential.
  • PPL Co. reported better-than-expected earnings results, beating analysts' estimates, which can attract investors looking for strong financial performance.
  • The company's stock price has shown an upward trend, reaching a one-year high, potentially signaling positive market sentiment.
  • PPL Co. operates in the energy sector, which is essential and relatively stable, providing a defensive investment option for risk-averse investors.

Cons

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

  • The company's revenue in the most recent quarter was down compared to the same period last year, indicating a potential decline in business performance.
  • PPL's payout ratio is currently at 100.00%, which may raise concerns about the sustainability of its dividend payments in the long term.
  • Although the stock has a moderate buy rating, there are still hold ratings from some analysts, suggesting uncertainty in the company's future performance.
  • The energy sector is subject to regulatory changes and market fluctuations, which could impact PPL Co.'s financial stability and growth prospects.
  • Investors should consider the company's debt-to-equity ratio and other financial metrics to assess its leverage and financial health before making investment decisions.
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 Saturday, June 1, 2024. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL Stock Analysis - Frequently Asked Questions

Should I buy or sell PPL stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PPL shares.
View PPL analyst ratings
or view top-rated stocks.

What is PPL's stock price target for 2024?

10 brokerages have issued 1 year price targets for PPL's stock. Their PPL share price targets range from $25.00 to $52.00. On average, they predict the company's stock price to reach $32.45 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for PPL
or view top-rated stocks among Wall Street analysts.

How have PPL shares performed in 2024?

PPL's stock was trading at $27.10 at the beginning of 2024. Since then, PPL shares have increased by 3.0% and is now trading at $27.9150.
View the best growth stocks for 2024 here
.

Are investors shorting PPL?

PPL saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,590,000 shares, an increase of 21.2% from the April 30th total of 16,170,000 shares. Based on an average trading volume of 4,810,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 2.7% of the company's shares are sold short.
View PPL's Short Interest
.

When is PPL's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024.
View our PPL earnings forecast
.

How were PPL's earnings last quarter?

PPL Co. (NYSE:PPL) announced its earnings results on Wednesday, May, 1st. The utilities provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The utilities provider had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.39 billion. PPL had a trailing twelve-month return on equity of 8.80% and a net margin of 9.29%. The company's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS.
Read the conference call transcript
.

How often does PPL pay dividends? What is the dividend yield for PPL?

PPL declared a quarterly dividend on Wednesday, May 15th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.2575 per share on Monday, July 1st. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for PPL
.

Is PPL a good dividend stock?

PPL (NYSE:PPL) pays an annual dividend of $1.03 per share and currently has a dividend yield of 3.67%. The dividend payout ratio is 100.00%. 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 55.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PPL.

What guidance has PPL issued on next quarter's earnings?

PPL issued an update on its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $1.63-1.75 for the period, compared to the consensus estimate of $1.70.

What other stocks do shareholders of PPL own?

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).

Who are PPL's major shareholders?

PPL's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.66%), Bank of New York Mellon Corp (0.76%), Clearbridge Investments LLC (0.64%), Jennison Associates LLC (0.57%), Energy Income Partners LLC (0.50%) and Reaves W H & Co. Inc. (0.42%). Insiders that own company stock include David J Bonenberger, Gregory N Dudkin, John R Crockett III, Joseph P Bergstein Jr, Stephanie R Raymond and Vincent Sorgi.
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.

Does PPL have any subsidiaries?
The following companies are subsidiares of PPL: AES Ironwood, AES Prescott, CEP Reserves Inc., Kentucky Utilities Company, LG&E and KU Energy LLC, Louisville Gas and Electric Company, PMDC International Holdings Inc., PPL (Barbados) SRL, PPL Atlantic Holdings LLC, PPL Capital Funding Inc., PPL Electric Utilities Corporation, PPL Energy Funding Corporation, PPL Global LLC, PPL UK Holdings LLC, PPL UK Resources Limited, PPL WPD Limited, Safari Energy, Western Power Distribution (East Midlands) plc, Western Power Distribution (South West) plc, and Western Power Distribution (West Midlands) plc.
Read More
This page (NYSE:PPL) was last updated on 6/18/2024 by MarketBeat.com Staff

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