PPL (PPL) Expected to Announce Quarterly Earnings on Thursday

PPL (NYSE:PPL) is expected to be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect PPL to post earnings of $0.37 per share and revenue of $2.51 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

PPL Stock Up 0.2 %

PPL stock opened at $34.21 on Tuesday. The stock has a market capitalization of $25.24 billion, a P/E ratio of 30.54, a P/E/G ratio of 2.75 and a beta of 0.83. PPL has a 52 week low of $25.60 and a 52 week high of $35.15. The firm has a 50-day simple moving average of $32.84 and a 200-day simple moving average of $32.45. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.17.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a $0.2575 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.01%. PPL’s dividend payout ratio (DPR) is presently 91.97%.

Insider Activity at PPL

In related news, COO David J. Bonenberger sold 981 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $32,843.88. Following the transaction, the chief operating officer now directly owns 45,414 shares of the company’s stock, valued at approximately $1,520,460.72. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tadd J. Henninger sold 1,424 shares of PPL stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $47,675.52. Following the sale, the senior vice president now directly owns 11,259 shares in the company, valued at approximately $376,951.32. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,794 shares of company stock worth $661,338. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PPL has been the subject of several recent research reports. Barclays decreased their price target on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Bank of America raised their target price on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. initiated coverage on shares of PPL in a research report on Friday, October 25th. They issued an “overweight” rating and a $37.00 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Finally, BMO Capital Markets assumed coverage on PPL in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

PPL Company Profile

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.