PPL (PPL) Projected to Post Earnings on Friday

PPL (NYSE:PPL) is expected to be releasing its earnings data before the market opens on Friday, February 21st. Analysts expect PPL to post earnings of $0.39 per share for the quarter. PPL has set its FY 2025 guidance at 1.750-1.870 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

PPL (NYSE:PPL) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). PPL had a return on equity of 9.20% and a net margin of 9.95%. On average, analysts expect PPL to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PPL Trading Down 0.2 %

Shares of NYSE PPL opened at $34.45 on Friday. PPL has a 1-year low of $25.87 and a 1-year high of $35.15. The company has a market cap of $25.42 billion, a PE ratio of 30.76, a P/E/G ratio of 2.75 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average of $32.85 and a two-hundred day moving average of $32.53.

PPL Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s dividend payout ratio is presently 91.97%.

Insider Buying and Selling at PPL

In other news, insider John R. Crockett III sold 9,161 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $34.35, for a total value of $314,680.35. Following the completion of the transaction, the insider now owns 12,434 shares in the company, valued at $427,107.90. This represents a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tadd J. Henninger sold 6,639 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $32.16, for a total transaction of $213,510.24. Following the completion of the transaction, the senior vice president now owns 11,210 shares of the company’s stock, valued at $360,513.60. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,794 shares of company stock valued at $661,338. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

PPL has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of PPL in a research note on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target for the company. Citigroup boosted their price target on shares of PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. initiated coverage on shares of PPL in a research note on Friday, October 25th. They set an “overweight” rating and a $37.00 price target for the company. Jefferies Financial Group dropped their price target on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Finally, Barclays dropped their price target on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.00.

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.