PPL Corporation (NYSE:PPL) Stock Has Consensus Target Price of $40.00 According to Analysts

Shares of PPL Corporation (NYSE:PPL) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.00.

Several research firms have recently weighed in on PPL. Bank of America reiterated a “buy” rating on shares of PPL in a research report on Thursday. Morgan Stanley increased their price objective on PPL from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada initiated coverage on PPL in a research report on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 target price for the company. Mizuho upgraded PPL to a “hold” rating in a report on Friday, July 3rd. Finally, Barclays dropped their price target on PPL from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th.

PPL Trading Down 0.9%

PPL traded down $0.32 on Friday, hitting $35.03. The company had a trading volume of 6,790,780 shares, compared to its average volume of 7,325,316. The company has a market cap of $26.37 billion, a PE ratio of 20.73, a PEG ratio of 3.46 and a beta of 0.56. PPL has a 12-month low of $31.56 and a 12-month high of $40.10. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The business’s fifty day simple moving average is $34.11 and its 200 day simple moving average is $35.63.

PPL (NYSE:PPL) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts expect that PPL will post 1.94 EPS for the current year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.2850 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. PPL’s dividend payout ratio is 67.46%.

Insider Transactions at PPL

In other PPL news, EVP Wendy Stark sold 5,406 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $35.11, for a total transaction of $189,804.66. Following the transaction, the executive vice president owned 99,220 shares of the company’s stock, valued at approximately $3,483,614.20. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Trading of PPL

Several hedge funds and other institutional investors have recently bought and sold shares of PPL. Legal & General Group Plc purchased a new position in shares of PPL in the second quarter worth $187,326,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PPL by 7.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider’s stock worth $114,787,000 after acquiring an additional 208,820 shares during the period. Deutsche Bank AG grew its stake in PPL by 23.7% during the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after purchasing an additional 393,748 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PPL by 9.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock valued at $66,786,000 after purchasing an additional 157,005 shares during the last quarter. Finally, Cullen Capital Management LLC purchased a new stake in PPL during the 2nd quarter valued at about $54,611,000. Institutional investors own 76.99% of the company’s stock.

PPL Company Profile

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.