Shares of PPL Co. (NYSE:PPL – Get Free Report) have earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.22.
A number of research firms recently issued reports on PPL. Bank of America boosted their target price 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. Barclays increased their price objective on shares of PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company boosted their target price on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group began coverage on PPL in a report on Thursday, September 19th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 23rd.
Check Out Our Latest Stock Report on PPL
Institutional Trading of PPL
PPL Stock Up 0.2 %
NYSE:PPL opened at $32.73 on Tuesday. The firm’s 50 day simple moving average is $32.12 and its 200 day simple moving average is $29.70. 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 has a market cap of $24.15 billion, a PE ratio of 31.78, a P/E/G ratio of 2.74 and a beta of 0.82. PPL has a one year low of $23.36 and a one year high of $33.38.
PPL (NYSE:PPL – Get Free Report) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.92 billion. PPL had a return on equity of 9.26% and a net margin of 10.17%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. On average, research analysts anticipate that PPL will post 1.72 earnings per share for the current year.
PPL Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.2575 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a yield of 3.15%. PPL’s dividend payout ratio is presently 100.00%.
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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