PPL Corporation (PPL)
Market Cap | 19.93B |
Revenue (ttm) | 8.31B |
Net Income (ttm) | 740.00M |
Shares Out | 737.60M |
EPS (ttm) | 1.00 |
PE Ratio | 27.02 |
Forward PE | 15.64 |
Dividend | $1.03 (3.81%) |
Ex-Dividend Date | Mar 7, 2024 |
Volume | 3,250,642 |
Open | 27.29 |
Previous Close | 27.30 |
Day's Range | 27.02 - 27.33 |
52-Week Range | 22.20 - 29.04 |
Beta | 0.84 |
Analysts | Buy |
Price Target | 31.89 (+18.02%) |
Earnings Date | May 1, 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 9 analysts, the average rating for PPL stock is "Buy." The 12-month stock price forecast is $31.89, which is an increase of 18.02% from the latest price.
News
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.
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.
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...
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...
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...
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.
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.
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.
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...
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.
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.
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"...
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 ...
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...
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...
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,...
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...
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.
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.
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.
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...
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.
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.
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...
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...