PPL (NYSE:PPL – Get Rating) issued an update on its FY 2023 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.50-$1.65 for the period, compared to the consensus earnings per share estimate of $1.59. The company issued revenue guidance of -.
PPL Price Performance
NYSE:PPL opened at $28.69 on Monday. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.44 and a beta of 0.77. PPL has a 52-week low of $23.47 and a 52-week high of $31.74. The stock has a fifty day moving average of $27.71 and a 200 day moving average of $28.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.75.
PPL (NYSE:PPL – Get Rating) last posted its quarterly earnings data on Friday, February 17th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. PPL had a return on equity of 7.50% and a net margin of 9.57%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s quarterly revenue was up 54.2% on a year-over-year basis. On average, research analysts expect that PPL will post 1.58 EPS for the current fiscal year.
PPL Increases Dividend
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Mizuho decreased their price objective on PPL from $32.00 to $28.00 in a report on Monday, March 20th. StockNews.com assumed coverage on PPL in a report on Thursday, March 16th. They issued a hold rating on the stock. Morgan Stanley lifted their price objective on PPL from $29.00 to $32.00 and gave the stock an overweight rating in a report on Thursday. Barclays started coverage on PPL in a report on Wednesday, January 18th. They set an equal weight rating on the stock. Finally, TheStreet downgraded PPL from a b rating to a c+ rating in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, PPL has a consensus rating of Moderate Buy and a consensus target price of $31.00.
Insider Buying and Selling at PPL
In other news, insider John R. Crockett III sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $28.00, for a total value of $154,000.00. Following the sale, the insider now directly owns 9,161 shares of the company’s stock, valued at approximately $256,508. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
Institutional Trading of PPL
Hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. purchased a new position in PPL in the 4th quarter worth approximately $25,000. Worth Asset Management LLC purchased a new stake in PPL during the 1st quarter valued at $27,000. Compass Wealth Management LLC purchased a new stake in PPL during the 4th quarter valued at $29,000. ICA Group Wealth Management LLC purchased a new stake in PPL during the 4th quarter valued at $59,000. Finally, State of Wyoming purchased a new stake in PPL during the 4th quarter valued at $108,000. 70.02% of the stock is owned by institutional investors.
PPL Company Profile
PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the two reportable segments: Kentucky Regulated & Pennsylvania Regulated. The Kentucky Regulated segment consists of LKE’s regulated electricity generation, transmission and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company.
Read More
- Get a free copy of the StockNews.com research report on PPL (PPL)
- 3 Medtech Companies with Higher Future Share Prices
- Buying the Dip On Albemarle, Fundamentals Still Sound
- Freeport McMoRan May be Coming Off The Commodities Peak Cycle
- MarketBeat Week in Review – 4/17 – 4/21
- 2 Industrial Strength Dividend Stocks Melting Up
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.
