Streetbeat News

PPL

PPL Corporation

https://www.pplweb.com

Industry

Regulated Electric

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia. The company also provides electric services to approximately 1.4 million customers in Pennsylvania; and generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

Open

32.61

Mkt cap

24B

Volume

2.6M

High

32.76

P/E Ratio

29.00

52-wk high

33.39

Low

32.10

Div yield

0.03

52-wk low

24.93

PPL Corporation's Q3 earnings have surpassed estimates due to strategic investments in infrastructure, effective cost management, and increased demand for its services.

Portfolio Pulse from

November 08, 2024 | 5:15 pm

PPL Corporation has adjusted its 2024 earnings forecast range to $1.67-$1.73 per share, slightly increasing the midpoint to $1.70. The company also reaffirmed its projected annual EPS and dividend growth of 6%-8% through at least 2027.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:41 am

PPL Corporation reported Q3 2024 earnings per share of $0.42, meeting analyst expectations, but down 2.33% from last year. Sales were $2.066 billion, surpassing estimates by 7.92% and increasing 1.13% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:33 am

Several top Wall Street analysts have initiated coverage on key stocks with positive ratings. Notably, JP Morgan has given PPL Corporation an Overweight rating with a price target of $37, while other companies like Waldencast, BKV Corporation, reAlpha Tech, and Builders FirstSource also received Buy ratings.

Portfolio Pulse from Avi Kapoor

October 25, 2024 | 1:55 pm

JP Morgan has initiated coverage on PPL Corporation with an Overweight rating and set a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 12:06 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including Lumentum Holdings, PPL Corporation, monday.com, Sportradar Group, Gilead Sciences, ASML Holding, Stanley Black & Decker, Robinhood Markets, Ulta Beauty, and Schlumberger. These changes reflect varying degrees of optimism and caution among analysts.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 2:18 pm

Barclays analyst Nicholas Campanella maintains an Equal-Weight rating on PPL Corporation and raises the price target from $30 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:57 pm

Jefferies has initiated coverage on PPL Corporation with a Buy rating and set a price target of $38.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:30 pm

Wells Fargo analyst Neil Kalton has maintained an Overweight rating on PPL Corporation and raised the price target from $35 to $37.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:06 pm

NiSource Inc (NYSE:NI) and PPL Corp (NYSE:PPL) are identified as potentially overbought stocks in the utilities sector, with RSI values of 82.19 and 70.90 respectively. NiSource recently reported strong earnings and a 7% stock gain, while PPL secured $72 million in federal funding and saw a 4% stock increase.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 12:51 pm

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