Research Analysts Offer Predictions for PPL Co.’s Q3 2024 Earnings (NYSE:PPL)

PPL Co. (NYSE:PPL) – Stock analysts at Zacks Research decreased their Q3 2024 earnings estimates for PPL in a research report issued to clients and investors on Monday, October 14th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.40 per share for the quarter, down from their prior estimate of $0.41. The consensus estimate for PPL’s current full-year earnings is $1.72 per share. Zacks Research also issued estimates for PPL’s Q3 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.56 EPS and FY2026 earnings at $1.95 EPS.

PPL (NYSE:PPL) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.92 billion. PPL had a net margin of 10.17% and a return on equity of 9.26%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company increased their price target on shares of PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Jefferies Financial Group initiated coverage on shares of PPL in a report on Thursday, September 19th. They issued a “buy” rating and a $38.00 price objective on the stock. Morgan Stanley increased their price objective on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Bank of America increased their price objective on shares of PPL from $33.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.56.

PPL Price Performance

PPL opened at $32.62 on Wednesday. PPL has a one year low of $23.36 and a one year high of $33.38. 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 company’s 50 day simple moving average is $32.00 and its 200-day simple moving average is $29.58. The stock has a market capitalization of $24.07 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.72 and a beta of 0.82.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 3.16%. The ex-dividend date was Tuesday, September 10th. PPL’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of PPL

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. raised its position in shares of PPL by 91.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,821,936 shares of the utilities provider’s stock valued at $160,977,000 after buying an additional 2,778,820 shares in the last quarter. Electron Capital Partners LLC grew its holdings in shares of PPL by 71.3% during the 2nd quarter. Electron Capital Partners LLC now owns 4,306,007 shares of the utilities provider’s stock valued at $119,061,000 after purchasing an additional 1,792,200 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of PPL by 50.3% during the 1st quarter. Clearbridge Investments LLC now owns 4,701,515 shares of the utilities provider’s stock valued at $129,433,000 after purchasing an additional 1,572,771 shares during the last quarter. Bahl & Gaynor Inc. bought a new stake in shares of PPL during the 1st quarter valued at approximately $31,713,000. Finally, Jennison Associates LLC grew its holdings in shares of PPL by 21.8% during the 1st quarter. Jennison Associates LLC now owns 4,217,410 shares of the utilities provider’s stock valued at $116,105,000 after purchasing an additional 755,689 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

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.