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

34.93

Mkt cap

25B

Volume

11M

High

35.00

P/E Ratio

31.04

52-wk high

35.00

Low

34.43

Div yield

0.03

52-wk low

25.35

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

PPL Corporation has secured up to $72 million in federal funding from the U.S. Department of Energy's Office of Clean Energy Demonstrations for a CO₂ capture project at its Louisville, Kentucky facility. The first $4.9 million tranche has been awarded to start Phase 1 activities.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:47 pm

B of A Securities has maintained a Buy rating on PPL Corporation and raised its price target from $33 to $34, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:19 pm

Morgan Stanley analyst David Arcaro maintains an Overweight rating on PPL and raises the price target from $31 to $33.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 4:58 pm

Wells Fargo analyst Neil Kalton maintains an Overweight rating on PPL (NYSE:PPL) and raises the price target from $32 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:51 pm

PPL Corporation has reaffirmed its 2024 adjusted EPS forecast range of $1.63 to $1.75, with a midpoint of $1.69, slightly below the $1.71 estimate. The company also reaffirmed its projected annual EPS and dividend growth of 6% to 8% through at least 2027.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:38 am

PPL Corporation (NYSE:PPL) reported strong Q2 2024 results, with adjusted EPS of $0.38 beating estimates by 15.15% and sales of $1.880 billion surpassing expectations by 14.53%. Both metrics showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:34 am

PPL Corporation's subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities Company, are expanding their collaboration with the U.S. Department of Energy to conduct a nuclear feasibility study. This research, funded by a DOE grant, aims to assess the feasibility of new nuclear technology at company sites in Kentucky.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:32 pm

Morgan Stanley analyst David Arcaro maintains an Overweight rating on PPL (NYSE:PPL) but lowers the price target from $32 to $31.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 4:16 pm

Morgan Stanley analyst David Arcaro maintains an Overweight rating on PPL (NYSE:PPL) and raises the price target from $30 to $32.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:40 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.