Shares of PPL Co. (NYSE:PPL – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.10.
PPL has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on PPL from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Morgan Stanley boosted their price objective on PPL from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of PPL in a research report on Wednesday, February 21st. TheStreet cut PPL from a “b-” rating to a “c” rating in a research report on Friday, February 16th. Finally, Barclays boosted their price objective on PPL from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd.
Read Our Latest Analysis on PPL
Hedge Funds Weigh In On PPL
PPL Trading Up 1.1 %
Shares of NYSE:PPL opened at $27.18 on Monday. PPL has a 12-month low of $22.20 and a 12-month high of $29.03. The company has a market capitalization of $20.05 billion, a PE ratio of 27.18, a PEG ratio of 2.14 and a beta of 0.81. The business has a 50 day moving average of $26.53 and a two-hundred day moving average of $25.70. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.05.
PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. PPL had a return on equity of 8.45% and a net margin of 8.90%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the company posted $0.28 earnings per share. PPL’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, analysts forecast that PPL will post 1.72 EPS for the current year.
PPL Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a dividend of $0.2575 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.03 dividend on an annualized basis and a yield of 3.79%. This is a positive change from PPL’s previous quarterly dividend of $0.24. PPL’s payout ratio is 103.00%.
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.
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