Mizuho Boosts PPL (NYSE:PPL) Price Target to $40.00

PPL (NYSE:PPL) had its price target raised by analysts at Mizuho from $39.00 to $40.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price target would suggest a potential upside of 3.94% from the company’s previous close.

A number of other research firms also recently weighed in on PPL. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price target on shares of PPL in a research report on Friday, February 20th. Citigroup raised their target price on PPL from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. BMO Capital Markets boosted their price objective on shares of PPL from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on PPL from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Finally, Barclays upgraded shares of PPL from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.08.

PPL Stock Up 1.1%

Shares of NYSE PPL opened at $38.49 on Monday. The stock’s 50-day simple moving average is $36.76 and its 200-day simple moving average is $36.31. PPL has a 1 year low of $32.50 and a 1 year high of $39.08. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.69 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.74 and a current ratio of 0.86.

PPL (NYSE:PPL) last released its earnings results on Friday, February 20th. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business earned $0.34 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities analysts anticipate that PPL will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Reaves W H & Co. Inc. lifted its stake in PPL by 13.5% in the third quarter. Reaves W H & Co. Inc. now owns 4,336,283 shares of the utilities provider’s stock valued at $161,136,000 after acquiring an additional 515,523 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of PPL by 905.7% during the 4th quarter. SG Americas Securities LLC now owns 523,756 shares of the utilities provider’s stock worth $18,342,000 after purchasing an additional 471,679 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of PPL by 59.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 452,711 shares of the utilities provider’s stock valued at $16,823,000 after purchasing an additional 168,818 shares during the period. Captrust Financial Advisors raised its holdings in shares of PPL by 62.8% in the 4th quarter. Captrust Financial Advisors now owns 115,776 shares of the utilities provider’s stock valued at $4,054,000 after purchasing an additional 44,657 shares during the period. Finally, Pinebridge Investments LLC acquired a new stake in PPL in the 4th quarter valued at about $1,060,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Company Profile

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.