PPL Co. Plans Quarterly Dividend of $0.26 (NYSE:PPL)

PPL Co. (NYSE:PPL - Get Free Report) announced a quarterly dividend on Friday, November 22nd,RTT News reports. Shareholders of record on Tuesday, December 10th will be paid a dividend of 0.2575 per share by the utilities provider on Thursday, January 2nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.96%.

PPL has decreased its dividend by an average of 16.7% per year over the last three years. PPL has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect PPL to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.03 annual dividend with an expected future payout ratio of 56.3%.

PPL Stock Up 1.7 %

PPL opened at $34.85 on Friday. PPL has a one year low of $25.35 and a one year high of $34.89. 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 stock has a market capitalization of $25.71 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 2.94 and a beta of 0.81. The business's 50-day simple moving average is $32.71 and its 200-day simple moving average is $30.60.

PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.10 billion. PPL had a return on equity of 9.20% and a net margin of 9.95%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Analysts anticipate that PPL will post 1.72 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on PPL. Morgan Stanley lifted their price objective 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. Bank of America boosted their price target on PPL from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on PPL in a research report on Friday, October 25th. They set an "overweight" rating and a $37.00 price objective for the company. Jefferies Financial Group initiated coverage on PPL in a report on Thursday, September 19th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, Barclays increased their price target on PPL from $30.00 to $34.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.50.

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.

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