PPL (NYSE:PPL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

PPL (NYSE:PPL) had its price target upped by research analysts at BMO Capital Markets from $41.00 to $42.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target points to a potential upside of 8.53% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Citigroup raised their price target on shares of PPL from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Mizuho boosted their price objective on shares of PPL from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company dropped their price objective on shares of PPL from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. JPMorgan Chase & Co. cut their target price on shares of PPL from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $42.00 target price on shares of PPL in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.17.

PPL Stock Performance

Shares of NYSE PPL traded up $0.19 during trading on Monday, reaching $38.70. The stock had a trading volume of 262,914 shares, compared to its average volume of 9,305,663. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.74 and a current ratio of 0.86. The stock has a market cap of $29.08 billion, a PE ratio of 24.19, a P/E/G ratio of 2.69 and a beta of 0.70. PPL has a one year low of $32.50 and a one year high of $39.08. The firm’s 50 day moving average price is $36.76 and its two-hundred day moving average price is $36.31.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, February 20th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.34 billion. PPL had a return on equity of 9.29% and a net margin of 13.06%.The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, research analysts forecast that PPL will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of PPL

Several hedge funds have recently bought and sold shares of PPL. J.Safra Asset Management Corp acquired a new position in PPL during the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates acquired a new stake in shares of PPL in the third quarter valued at approximately $30,000. Sound Income Strategies LLC increased its stake in shares of PPL by 322.5% in the third quarter. Sound Income Strategies LLC now owns 959 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 732 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of PPL by 293.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,071 shares of the utilities provider’s stock valued at $37,000 after buying an additional 799 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new position in shares of PPL during the second quarter worth approximately $44,000. 76.99% of the stock is currently owned by institutional investors.

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.