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PPL (PPL) Stock Price, News & Analysis

$32.86
-0.27 (-0.81%)
(As of 03:57 PM ET)

About PPL Stock (NYSE:PPL)

Key Stats

Today's Range
$32.74
$33.15
50-Day Range
$30.96
$33.23
52-Week Range
$23.99
$33.38
Volume
1.31 million shs
Average Volume
4.81 million shs
Market Capitalization
$24.24 billion
P/E Ratio
28.82
Dividend Yield
3.13%
Price Target
$35.22
Consensus Rating
Moderate Buy

Company Overview

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. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

PPL Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

PPL MarketRank™: 

PPL scored higher than 77% of companies evaluated by MarketBeat, and ranked 43rd out of 95 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    PPL has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    PPL has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about PPL's stock forecast and price target.
  • Earnings Growth

    Earnings for PPL are expected to grow by 6.40% in the coming year, from $1.72 to $1.83 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of PPL is 28.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.15.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of PPL is 28.84, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.40.

  • Price to Earnings Growth Ratio

    PPL has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    PPL has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about PPL's valuation and earnings.
  • Percentage of Shares Shorted

    2.29% of the float of PPL has been sold short.
  • Short Interest Ratio / Days to Cover

    PPL has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PPL has recently decreased by 0.65%, indicating that investor sentiment is improving.
  • Dividend Yield

    PPL pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    PPL does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of PPL is 90.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, PPL will have a dividend payout ratio of 56.28% next year. This indicates that PPL will be able to sustain or increase its dividend.

  • Read more about PPL's dividend.
  • Percentage of Shares Shorted

    2.29% of the float of PPL has been sold short.
  • Short Interest Ratio / Days to Cover

    PPL has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PPL has recently decreased by 0.65%, indicating that investor sentiment is improving.
  • News Sentiment

    PPL has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for PPL this week, compared to 2 articles on an average week.
  • Search Interest

    Only 12 people have searched for PPL on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added PPL to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, PPL insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.22% of the stock of PPL is held by insiders.

  • Percentage Held by Institutions

    76.99% of the stock of PPL is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about PPL's insider trading history.

PPL Stock News Headlines

PPL (NYSE:PPL) Price Target Raised to $34.00
Is Starlink Set For The Largest IPO In History?
He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000!
PPL Corp. price target raised to $34 from $30 at Barclays
Analysts Set Expectations for PPL's Q1 Earnings (NYSE:PPL)
What is Zacks Research's Estimate for PPL Q3 Earnings?
See More Headlines

PPL Stock Analysis - Frequently Asked Questions

PPL's stock was trading at $27.10 at the beginning of 2024. Since then, PPL shares have increased by 21.3% and is now trading at $32.88.
View the best growth stocks for 2024 here
.

PPL Co. (NYSE:PPL) issued 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. The firm's revenue was up 3.2% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of PPL: Safari Energy, AES Ironwood, AES Prescott, CEP Reserves Inc., Kentucky Utilities Company, LG&E and KU Energy LLC, Louisville Gas and Electric Company, and others.

Top institutional shareholders of PPL include Raymond James & Associates (0.26%), Teilinger Capital Ltd. (0.20%), Assenagon Asset Management S.A. (0.08%) and Wedge Capital Management L L P NC (0.06%). Insiders that own company stock include Vincent Sorgi, David J Bonenberger, Joseph P Bergstein Jr, Stephanie R Raymond, John R Crockett III and Gregory N Dudkin.
View institutional ownership trends
.

Shares of PPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that PPL investors own include NVIDIA (NVDA), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), AT&T (T), Exxon Mobil (XOM) and Chevron (CVX).

Company Calendar

Last Earnings
8/02/2024
Ex-Dividend for 10/1 Dividend
9/10/2024
Dividend Payable
10/01/2024
Today
10/24/2024
Next Earnings (Confirmed)
11/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
69351T10
Employees
6,629
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$35.22
High Stock Price Target
$52.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$740 million
Pretax Margin
12.63%

Debt

Sales & Book Value

Annual Sales
$8.31 billion
Cash Flow
$3.47 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
736,150,000
Market Cap
$24.44 billion
Optionable
Optionable
Beta
0.82

Social Links


This page (NYSE:PPL) was last updated on 10/24/2024 by MarketBeat.com Staff
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