Seaport Res Ptn Forecasts PPL’s FY2027 Earnings (NYSE:PPL)

PPL Co. (NYSE:PPL) – Stock analysts at Seaport Res Ptn upped their FY2027 earnings estimates for PPL in a research note issued on Sunday, November 3rd. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $2.17 for the year, up from their prior forecast of $2.13. The consensus estimate for PPL’s current full-year earnings is $1.72 per share. Seaport Res Ptn also issued estimates for PPL’s FY2028 earnings at $2.33 EPS.

PPL has been the subject of several other reports. Morgan Stanley upped their price objective on PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Bank of America upped their price target on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of PPL in a report on Friday, October 25th. They issued an “overweight” rating and a $37.00 price objective on the stock. Jefferies Financial Group began coverage on shares of PPL in a report on Thursday, September 19th. They set a “buy” rating and a $38.00 target price for the company. Finally, Barclays lifted their price target on shares of PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PPL has a consensus rating of “Moderate Buy” and an average target price of $35.50.

PPL Stock Down 0.1 %

Shares of PPL stock opened at $32.56 on Tuesday. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.74 and a beta of 0.81. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.17. PPL has a 12-month low of $24.93 and a 12-month high of $33.38. The firm has a fifty day moving average of $32.36 and a 200-day moving average of $30.16.

PPL (NYSE:PPL) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. PPL had a return on equity of 9.20% and a net margin of 9.95%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Institutional Trading of PPL

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its position in shares of PPL by 5.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 884,838 shares of the utilities provider’s stock valued at $24,590,000 after purchasing an additional 46,552 shares during the last quarter. Sei Investments Co. grew its holdings in PPL by 7.5% in the 1st quarter. Sei Investments Co. now owns 866,256 shares of the utilities provider’s stock valued at $23,848,000 after buying an additional 60,589 shares in the last quarter. Wedge Capital Management L L P NC increased its position in PPL by 8.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 496,165 shares of the utilities provider’s stock worth $13,719,000 after buying an additional 39,513 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PPL by 52.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,336 shares of the utilities provider’s stock worth $4,197,000 after buying an additional 52,870 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of PPL by 50.3% in the first quarter. Clearbridge Investments LLC now owns 4,701,515 shares of the utilities provider’s stock valued at $129,433,000 after acquiring an additional 1,572,771 shares during the period. Institutional investors own 76.99% of the company’s stock.

PPL Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, September 10th. PPL’s dividend payout ratio is 91.96%.

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.