What is Seaport Res Ptn’s Forecast for PPL FY2027 Earnings?

PPL Co. (NYSE:PPL) – Equities researchers at Seaport Res Ptn raised their FY2027 EPS estimates for shares of PPL in a research note issued to investors on Sunday, November 3rd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $2.17 per share for the year, up from their previous forecast of $2.13. The consensus estimate for PPL’s current full-year earnings is $1.72 per share. Seaport Res Ptn also issued estimates for PPL’s FY2028 earnings at $2.33 EPS.

Several other research analysts also recently commented on PPL. Jefferies Financial Group started coverage on PPL in a research note on Thursday, September 19th. They issued a “buy” rating and a $38.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays increased their price objective on shares of PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. assumed coverage on PPL in a research note on Friday, October 25th. They issued an “overweight” rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, PPL currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

PPL Price Performance

NYSE PPL opened at $32.59 on Tuesday. The business’s fifty day moving average is $32.35 and its 200 day moving average is $30.14. PPL has a fifty-two week low of $24.93 and a fifty-two week high of $33.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.07 and a current ratio of 1.29. The company has a market capitalization of $24.04 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81.

PPL (NYSE:PPL) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. PPL had a net margin of 9.95% and a return on equity of 9.20%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis.

Hedge Funds Weigh In On PPL

Several institutional investors have recently added to or reduced their stakes in PPL. First Trust Direct Indexing L.P. grew its holdings in shares of PPL by 18.9% in the first quarter. First Trust Direct Indexing L.P. now owns 13,548 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 2,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of PPL by 52.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,336 shares of the utilities provider’s stock worth $4,197,000 after buying an additional 52,870 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PPL by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 420,472 shares of the utilities provider’s stock worth $11,576,000 after buying an additional 19,337 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of PPL during the 1st quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. grew its position in PPL by 24.1% in the first quarter. Daiwa Securities Group Inc. now owns 86,516 shares of the utilities provider’s stock worth $2,382,000 after acquiring an additional 16,821 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given a $0.2575 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.16%. PPL’s dividend payout ratio is currently 91.97%.

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.