PPL (NYSE:PPL) Research Coverage Started at Truist Financial

Truist Financial initiated coverage on shares of PPL (NYSE:PPL) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $41.00 price target on the utilities provider’s stock.

Several other equities research analysts have also commented on PPL. Weiss Ratings lowered shares of PPL from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. lifted their price target on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Jefferies Financial Group reduced their price objective on PPL from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Morgan Stanley increased their price objective on PPL from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Evercore set a $42.00 price objective on PPL in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.06.

PPL Stock Up 1.5%

PPL stock opened at $35.62 on Tuesday. The company has a 50-day simple moving average of $34.09 and a 200-day simple moving average of $36.06. The firm has a market capitalization of $26.81 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.43 and a beta of 0.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL has a one year low of $31.56 and a one year high of $40.10.

PPL (NYSE:PPL) last released 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). The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities analysts expect that PPL will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.2850 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.14 annualized dividend and a yield of 3.2%. PPL’s dividend payout ratio (DPR) is presently 67.46%.

Insider Activity at PPL

In other PPL news, EVP Wendy Stark sold 5,406 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $35.11, for a total transaction of $189,804.66. Following the sale, the executive vice president directly owned 99,220 shares in the company, valued at approximately $3,483,614.20. The trade was a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PPL. Legal & General Group Plc bought a new stake in shares of PPL during the 2nd quarter worth $187,326,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of PPL by 7.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider’s stock worth $114,787,000 after acquiring an additional 208,820 shares during the last quarter. Deutsche Bank AG grew its holdings 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 worth $74,762,000 after acquiring an additional 393,748 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 worth $66,786,000 after acquiring an additional 157,005 shares during the last quarter. Finally, Cullen Capital Management LLC acquired a new stake in shares of PPL during the second quarter worth $54,611,000. 76.99% of the stock is currently owned by institutional investors.

PPL Company Profile

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, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.