PPL Stock Recent News

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

PPL makes a strong case for investment, given its earnings growth prospects, better debt management and ability to increase shareholders' value.

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 shareowners of record as of June 10, 2024.

PPL (PPL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

PPL's first-quarter earnings is better than expected. The company benefits from strong electricity sales volume.

PPL (PPL) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.48 per share a year ago.

In the most recent trading session, PPL (PPL) closed at $27.02, indicating a -1.03% shift from the previous trading day.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

In the most recent trading session, PPL (PPL) closed at $27.22, indicating a -0.22% shift from the previous trading day.

PPL Corporation has underperformed the S&P 500 by 27.43% in the past year, but I am bullish on the stock in the long term. The company has a robust regulatory structure and diverse utility operations, which are competitive advantages. I recommend the stock to potential investors at its current price, with a price target of $40 and an upside potential of 45.45%.