PPL Corporation (NYSE:PPL) Receives $41.00 Consensus Price Target from Analysts

PPL Corporation (NYSE:PPL) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $41.00.

PPL has been the subject of a number of recent research reports. Mizuho raised shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Jefferies Financial Group dropped their price objective on shares of PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, August 25th. BMO Capital Markets cut their price objective on shares of PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Bank of America reduced their target price on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th.

PPL Stock Performance

Shares of PPL opened at $34.42 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a 50-day moving average of $35.67 and a two-hundred day moving average of $36.70. The stock has a market cap of $25.90 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.33 and a beta of 0.57. PPL has a one year low of $33.17 and a one year high of $40.10.

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

PPL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.285 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.3%. PPL’s dividend payout ratio is presently 67.46%.

Insider Activity

In other PPL news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 222,897 shares in the company, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by company insiders.

Institutional Trading of PPL

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in PPL by 3.8% in the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 341 shares during the period. Cary Street Partners Financial LLC boosted its position in PPL by 6.9% during the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 343 shares during the last quarter. Ethos Financial Group LLC grew its position in shares of PPL by 0.9% in the first quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock valued at $1,723,000 after purchasing an additional 429 shares in the last quarter. Syon Capital LLC grew its holdings in PPL by 5.3% in the 2nd quarter. Syon Capital LLC now owns 8,823 shares of the utilities provider’s stock valued at $321,000 after buying an additional 448 shares in the last quarter. Finally, Plimoth Trust Co. LLC grew its holdings in shares of PPL by 3.8% in the first quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 450 shares during the period. 76.99% of the stock is owned by institutional investors and hedge funds.

About PPL

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.