BMO Capital Markets Has Lowered Expectations for PPL (NYSE:PPL) Stock Price

PPL (NYSE:PPL) had its price target reduced by investment analysts at BMO Capital Markets from $40.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 7.12% from the company’s current price.

PPL has been the topic of a number of other reports. Bank of America lowered their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Barclays upped their price target on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Mizuho raised shares of PPL to a “hold” rating in a report on Friday, July 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of PPL in a research note on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

PPL Trading Up 0.0%

NYSE PPL opened at $35.47 on Monday. PPL has a 1 year low of $33.17 and a 1 year high of $40.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The company has a market capitalization of $26.69 billion, a PE ratio of 20.99, a P/E/G ratio of 2.43 and a beta of 0.57. The company has a fifty day moving average of $35.82 and a 200 day moving average of $36.83.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Research analysts forecast that PPL will post 1.94 earnings per share for the current year.

Insider Activity at PPL

In other news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the transaction, the director owned 222,897 shares of the company’s stock, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the transaction, the chief financial officer owned 561,482 shares in the company, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of PPL

Large investors have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in shares of PPL by 23.7% in the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after acquiring an additional 393,748 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PPL by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock valued at $66,786,000 after buying an additional 157,005 shares during the last quarter. Reaves W H & Co. Inc. lifted its position in PPL by 2.0% during the 4th quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after acquiring an additional 88,531 shares during the last quarter. Captrust Financial Advisors grew its position in shares of PPL by 62.8% in the fourth quarter. Captrust Financial Advisors now owns 115,776 shares of the utilities provider’s stock valued at $4,054,000 after purchasing an additional 44,657 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of PPL by 569.8% in the second quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider’s stock worth $1,295,000 after acquiring an additional 30,313 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Company Profile

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.