PPL (PPL) Projected to Post Earnings on Thursday

PPL (NYSE:PPL) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect PPL to post earnings of $0.37 per share and revenue of $2.51 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PPL Stock Performance

PPL opened at $34.21 on Tuesday. PPL has a 1-year low of $25.60 and a 1-year high of $35.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.75 and a beta of 0.83. The business has a 50 day moving average price of $32.84 and a two-hundred day moving average price of $32.45.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.2575 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.03 dividend on an annualized basis and a yield of 3.01%. PPL’s dividend payout ratio is currently 91.97%.

Wall Street Analyst Weigh In

PPL has been the subject of several recent analyst reports. BMO Capital Markets began coverage on PPL in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 target price for the company. Jefferies Financial Group dropped their price objective on PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Barclays reduced their target price on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Citigroup increased their price target on shares of PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. started coverage on PPL in a research note on Friday, October 25th. They set an “overweight” rating and a $37.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Insider Buying and Selling at PPL

In other news, SVP Tadd J. Henninger sold 6,639 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $32.16, for a total transaction of $213,510.24. Following the completion of the sale, the senior vice president now owns 11,210 shares in the company, valued at $360,513.60. The trade was a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John R. Crockett III sold 9,161 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $34.35, for a total value of $314,680.35. Following the completion of the sale, the insider now directly owns 12,434 shares of the company’s stock, valued at $427,107.90. The trade was a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,794 shares of company stock worth $661,338 over the last 90 days. Company insiders own 0.22% of the company’s stock.

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.