PPL Co. (NYSE:PPL – Get Free Report) has been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $33.18.
Several brokerages have recently commented on PPL. StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Bank of America lifted their price objective on shares of PPL from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley increased their target price on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company raised their price target on shares of PPL from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th.
Institutional Trading of PPL
PPL Stock Up 0.3 %
PPL stock opened at $32.21 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $29.80 and a 200-day simple moving average of $28.42. The company has a market capitalization of $23.76 billion, a P/E ratio of 31.27, a PEG ratio of 2.72 and a beta of 0.82. PPL has a twelve month low of $22.20 and a twelve month high of $32.42.
PPL (NYSE:PPL – Get Free Report) last released its earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. PPL had a net margin of 10.17% and a return on equity of 9.26%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that PPL will post 1.72 earnings per share for the current fiscal year.
PPL Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.2575 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.20%. PPL’s dividend payout ratio (DPR) is presently 100.00%.
About 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.
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