PPL Corporation (NYSE:PPL) Stock Has Average Price Target of $40.31

Shares of PPL Corporation (NYSE:PPL) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.31.

A number of brokerages have weighed in on PPL. Weiss Ratings restated a “buy (b)” rating on shares of PPL in a research report on Monday, September 14th. Evercore set a $42.00 target price on shares of PPL in a research report on Monday, August 17th. BTIG Research reissued a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Royal Bank Of Canada initiated coverage on shares of PPL in a research report on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 target price on the stock. Finally, BMO Capital Markets cut their price target on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, August 10th.

Insider Activity at PPL

In other PPL news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the completion of the transaction, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On PPL

Hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. lifted its position in shares of PPL by 11.9% during the 2nd quarter. QRG Capital Management Inc. now owns 42,480 shares of the utilities provider’s stock valued at $1,544,000 after buying an additional 4,508 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in PPL by 15.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 38,504 shares of the utilities provider’s stock worth $1,400,000 after buying an additional 5,260 shares during the period. Sequoia Financial Advisors LLC lifted its position in PPL by 13.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,642 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 4,536 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of PPL by 41.8% during the second quarter. Tidal Investments LLC now owns 409,790 shares of the utilities provider’s stock valued at $14,896,000 after buying an additional 120,860 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in PPL by 104.3% during the 2nd quarter. Engineers Gate Manager LP now owns 618,448 shares of the utilities provider’s stock worth $22,481,000 after acquiring an additional 315,788 shares during the period. Institutional investors own 76.99% of the company’s stock.

PPL Price Performance

NYSE PPL opened at $31.98 on Tuesday. PPL has a 52-week low of $31.91 and a 52-week 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 firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The company has a 50 day simple moving average of $34.82 and a 200-day simple moving average of $36.22.

PPL (NYSE:PPL) last released its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts predict that PPL will post 1.95 earnings per share for the current fiscal year.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.2850 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.6%. PPL’s payout ratio is 67.46%.

About PPL

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas to residential, commercial, and industrial customers, while also operating and maintaining generation, transmission, and distribution infrastructure.

PPL’s Pennsylvania operations are conducted through PPL Electric Utilities, which provides electric delivery service across much of central and eastern Pennsylvania.