PPL Corporation (PPL)
Market Cap | 20.23B |
Revenue (ttm) | 8.20B |
Net Income (ttm) | 762.00M |
Shares Out | 737.74M |
EPS (ttm) | 1.03 |
PE Ratio | 26.62 |
Forward PE | 16.11 |
Dividend | $1.03 (3.76%) |
Ex-Dividend Date | Jun 10, 2024 |
Volume | 3,305,448 |
Open | 27.42 |
Previous Close | 27.36 |
Day's Range | 27.29 - 27.55 |
52-Week Range | 22.20 - 29.89 |
Beta | 0.84 |
Analysts | Buy |
Price Target | 31.80 (+15.97%) |
Earnings Date | Aug 2, 2024 |
About PPL
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pen... [Read more]
Financial Performance
In 2023, PPL's revenue was $8.31 billion, an increase of 5.19% compared to the previous year's $7.90 billion. Earnings were $740.00 million, a decrease of -2.12%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PPL stock is "Buy." The 12-month stock price forecast is $31.8, which is an increase of 15.97% from the latest price.
News
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PPL and subsidiaries LG&E and KU expand collaboration with U.S. Department of Energy initiative to conduct nuclear feasibility study
Research, funded by a DOE grant, will build on initial study to further assess feasibility for new nuclear at company sites should technology become commercially viable LOUISVILLE, Ky. , June 26, 2024...
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PPL to Pay Quarterly Stock Dividend July 1, 2024
ALLENTOWN, Pa. , May 15, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Wednesday, May 15, 2024, of $0.2575 per share, payable July 1, 2024, to shareown...
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Rhode Island Energy and its UWUA-BUW locals reach agreement on new five-year contracts
PROVIDENCE, R.I. , May 10, 2024 /PRNewswire/ -- Rhode Island Energy, a subsidiary of PPL Corporation (NYSE: PPL), has announced it reached an agreement on new five-year contracts with the Utility Work...
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Wall Street's Most Accurate Analysts Say Buy These 3 Utilities Stocks With Over 3% Dividend Yields - CMS Energy (NYSE:CMS), PPL (NYSE:PPL)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
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PPL Corporation reports first-quarter 2024 earnings
Announces 2024 first-quarter reported earnings (GAAP) per share of $0.42. Achieves 2024 first-quarter ongoing earnings per share of $0.54 vs.
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2023 Sustainability Report highlights PPL's utility of the future strategy
Report details 2023 performance results; company's commitment to deliver safe, reliable, affordable and sustainable energy to customers and long-term value for shareowners. ALLENTOWN, Pa.
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PPL Corporation to Conduct Webcast on First-Quarter 2024 Earnings Results
ALLENTOWN, Pa. , April 17, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated first-quarter 2024 earnings results on Wednesday, May 1.
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PPL Corporation subsidiary Rhode Island Energy receives regulatory approval for planned spending to strengthen network safety, reliability and resilience
ALLENTOWN, Pa. , April 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) subsidiary Rhode Island Energy (RIE) on Thursday (3/28) received unanimous approval from the Rhode Island Public Utilities Co...
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Rhode Island Energy Selects Landis+Gyr to Deploy Advanced Smart Grid Technology
The agreement includes installation of the Gridstream® Connect AMI network, Revelo® smart sensing meters, software, and support to enable grid modernization for improved reliability and efficiency ATL...
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PPL Corporation names Greg Cornett president of Rhode Island Energy
Cornett, a 25-year utility industry veteran, will succeed Dave Bonenberger March 4 ALLENTOWN, Pa. , Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry v...
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PPL beats fourth-quarter profit estimates on lower operating expenses
U.S. utility firm PPL beat fourth-quarter profit estimates on Friday, on the back of lower operating expenses and maintenance costs in its business units.
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PPL Corporation reports 2023 earnings results, exceeds midpoint of forecast and extends growth targets through 2027
Announces 2023 reported earnings (GAAP) of $1.00 per share. Exceeds 2023 earnings from ongoing operations forecast midpoint, achieving $1.60 per share.
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PPL Corporation Appoints Dean A. Del Vecchio to New Chief Technology and Innovation Officer Role as Company Focuses on Creating the Utilities of the Future
ALLENTOWN, Pa. , Feb. 14, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that Dean A.
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PPL, affiliate partners selected for $72 million research grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations
ALLENTOWN, Pa. , Feb. 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today the company and its research partners have been selected for a $72 million award negotiation by the U.S. Depar...
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PPL Corporation Announces 2024 Virtual Annual Meeting
ALLENTOWN, Pa. , Feb. 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that the company's 2024 Annual Meeting of Shareowners will be held virtually.
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PPL Corporation to conduct webcast on 2023 earnings results
ALLENTOWN, Pa. , Jan. 31, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2023 earnings results on Friday, Feb. 16.
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PPL Corporation announces agreement with Talen Energy to resolve litigation related to Talen Montana
ALLENTOWN, Pa. , Dec. 22, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has entered into a settlement agreement with Talen Energy Corporation and certain affiliates ("Talen"...
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PPL's employee giving campaign generates more than $8 million for community support
Employees, retirees unite to support nearly 500 nonprofit organizations through the annual campaign ALLENTOWN, Pa. , Dec. 21, 2023 /PRNewswire/ -- PPL's employees and retirees, combined with matching ...
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LG&E reaches new three-year contract with local IBEW
LOUISVILLE, Ky., Dec. 14, 2023 /PRNewswire/ -- Louisville Gas and Electric Company, a subsidiary of PPL Corporation (NYSE: PPL), has announced it reached a new three-year contract agreement with Inter...
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PPL to Pay Quarterly Stock Dividend January 2, 2024
ALLENTOWN, Pa. , Nov. 17, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday, November 17, of $0.24 per share, payable January 2, 2024, to shareowner...
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PPL to attend 58th EEI Financial Conference
ALLENTOWN, Pa. , Nov. 10, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) senior leadership will attend the 58th Edison Electric Institute (EEI) Financial Conference this Sunday, Nov. 12, to Tuesday,...
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PPL's Kentucky subsidiaries receive constructive regulatory order approving substantial portion of generation investment plan
Approvals include retirement of 600 MW of aging coal generation and additions of one approximately 640-MW combined cycle natural gas plant and more than 1,000 MW of solar and energy storage by 2027. P...
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PPL Corporation reports third-quarter 2023 earnings
Announces 2023 third-quarter reported earnings (GAAP) per share of $0.31. Achieves 2023 third-quarter ongoing earnings per share of $0.43 vs.
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PPL Corporation appoints Christine M. Martin PPL Electric Utilities president
Martin had served in the role in an interim capacity since Sept. 1 ALLENTOWN, Pa.
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PPL Corporation to conduct webcast on third-quarter 2023 earnings results
ALLENTOWN, Pa. , Oct. 20, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated third-quarter 2023 earnings results on Thursday, Nov. 2.