PPL Corporation (PPL)

NYSE: PPL · IEX Real-Time Price · USD
26.14
-0.23 (-0.87%)
Mar 1, 2024, 4:00 PM EST - Market closed
-0.87%
Market Cap 19.28B
Revenue (ttm) 8.31B
Net Income (ttm) 740.00M
Shares Out 737.60M
EPS (ttm) 1.00
PE Ratio 26.14
Forward PE 15.12
Dividend $1.03 (3.94%)
Ex-Dividend Date Mar 7, 2024
Volume 7,430,244
Open 26.33
Previous Close 26.37
Day's Range 25.87 - 26.33
52-Week Range 22.20 - 29.04
Beta 0.83
Analysts Buy
Price Target 32.14 (+22.95%)
Earnings Date Feb 16, 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]

Sector Utilities
Founded 1920
Employees 9,753
Stock Exchange NYSE
Ticker Symbol PPL
Full Company Profile

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 Statements

Analyst Forecast

According to 7 analysts, the average rating for PPL stock is "Buy." The 12-month stock price forecast is $32.14, which is an increase of 22.95% from the latest price.

Price Target
$32.14
(22.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

6 days ago - PRNewsWire

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...

11 days ago - PRNewsWire

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.

16 days ago - Reuters

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.

16 days ago - PRNewsWire

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.

18 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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.

4 weeks ago - PRNewsWire

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.

4 weeks ago - PRNewsWire

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"...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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,...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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.

4 months ago - PRNewsWire

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.

4 months ago - PRNewsWire

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.

4 months ago - PRNewsWire

PPL Electric Utilities recognized for innovations that have improved reliability

Team of employees receives Innovation Award from Public Utilities Fortnightly ALLENTOWN, Pa. , Oct. 16, 2023 /PRNewswire/ -- A group of PPL Electric Utilities employees, led by Sal Salet, vice preside...

4 months ago - PRNewsWire

Rhode Island Energy issues new opportunity to bring more offshore wind to Rhode Island

Company issues Request For Proposals (RFP) for 1200 MW of offshore wind to power Rhode Island. PROVIDENCE, R.I.

5 months ago - PRNewsWire

PPL designated "Champion of Board Diversity" by The Forum of Executive Women

ALLENTOWN, Pa. , Oct. 11, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today the company has been designated a "Champion of Board Diversity" by The Forum of Executive Women.

5 months ago - PRNewsWire

PPL Corporation subsidiary Rhode Island Energy receives regulatory approval to deploy Advanced Metering Functionality

ALLENTOWN, Pa. , Oct. 3, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) subsidiary Rhode Island Energy has received regulatory approval to deploy advanced metering functionality statewide as the com...

5 months ago - PRNewsWire

Rhode Island Energy Financial Statements Now Available on PPL Corporation's Website

ALLENTOWN, Pa. , Sept. 11, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has published three years of audited annual financial statements for The Narragansett Electric Compa...

6 months ago - PRNewsWire

PPL Corporation names Christine M. Martin interim president of PPL Electric Utilities

ALLENTOWN, Pa. , Aug. 31, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today named 20-year PPL veteran Christine M.

6 months ago - PRNewsWire

PPL to Pay Quarterly Stock Dividend October 2, 2023

ALLENTOWN, Pa. , Aug. 25, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday, August 25, of $0.24 per share, payable October 2, 2023, to shareowners ...

6 months ago - PRNewsWire

PPL Corporation Reports Second-Quarter 2023 Earnings

Announces 2023 second-quarter reported earnings (GAAP) per share of $0.15. Achieves 2023 second-quarter ongoing earnings per share of $0.29 vs.

7 months ago - PRNewsWire