Zacks Research Has Positive Forecast for PPL Q1 Earnings

PPL Co. (NYSE:PPL - Free Report) - Stock analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for shares of PPL in a research report issued on Monday, October 14th. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.52 per share for the quarter, up from their prior forecast of $0.51. The consensus estimate for PPL's current full-year earnings is $1.72 per share.

Several other analysts also recently issued reports on the company. Jefferies Financial Group started coverage on PPL in a report on Thursday, September 19th. They issued a "buy" rating and a $38.00 price target for the company. Bank of America upped their price objective on shares of PPL from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Wells Fargo & Company upped their price objective on shares of PPL from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Finally, Morgan Stanley upped their price objective on shares of PPL from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.56.

PPL Stock Down 0.8 %

NYSE PPL traded down $0.25 during trading hours on Thursday, hitting $32.37. The company had a trading volume of 2,522,295 shares, compared to its average volume of 4,860,744. PPL has a fifty-two week low of $23.36 and a fifty-two week high of $33.38. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.72 and a beta of 0.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.11 and a quick ratio of 0.91. The firm's 50 day moving average is $32.00 and its 200 day moving average is $29.58.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. PPL had a return on equity of 9.26% and a net margin of 10.17%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm earned $0.29 EPS. The firm's quarterly revenue was up 3.2% compared to the same quarter last year.

Hedge Funds Weigh In On PPL

A number of large investors have recently bought and sold shares of PPL. Whittier Trust Co. of Nevada Inc. bought a new position in PPL in the second quarter worth about $29,000. Redwood Wealth Management Group LLC bought a new position in PPL in the second quarter worth about $29,000. Lynx Investment Advisory bought a new position in PPL in the second quarter worth about $38,000. Family Firm Inc. bought a new position in PPL in the second quarter worth about $38,000. Finally, Central Pacific Bank Trust Division bought a new position in PPL in the first quarter worth about $42,000. Institutional investors own 76.99% of the company's stock.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.2575 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.03 annualized dividend and a dividend yield of 3.18%. PPL's payout ratio is 100.00%.

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.