Analysts Set PPL Corporation (NYSE:PPL) Target Price at $41.85

PPL Corporation (NYSE:PPL) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.00.

PPL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PPL in a research note on Friday, April 24th. UBS Group boosted their price target on shares of PPL from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Mizuho upped their price target on shares of PPL from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. Jefferies Financial Group raised their price objective on PPL from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Barclays lifted their price objective on PPL from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th.

PPL Stock Performance

Shares of NYSE PPL opened at $37.63 on Friday. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 2.56 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.21. PPL has a 1-year low of $33.12 and a 1-year high of $40.10. The stock’s 50-day moving average is $38.35 and its 200 day moving average is $36.79.

PPL (NYSE:PPL) last issued its earnings results on Friday, February 20th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). PPL had a return on equity of 9.29% and a net margin of 13.06%.The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts anticipate that PPL will post 1.95 EPS for the current fiscal year.

PPL Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th were paid a $0.285 dividend. This is an increase from PPL’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.0%. PPL’s payout ratio is presently 71.25%.

Institutional Trading of PPL

A number of institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp purchased a new position in shares of PPL in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in PPL by 293.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,071 shares of the utilities provider’s stock valued at $37,000 after buying an additional 799 shares during the period. Lodestone Wealth Management LLC purchased a new stake in PPL during the 4th quarter valued at $48,000. Aventura Private Wealth LLC bought a new stake in PPL in the 4th quarter worth $49,000. Finally, Quent Capital LLC bought a new stake in PPL in the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

About PPL

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.