PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 425,000 electric and 332,000 natural gas customers in Louisville and adjacent areas in Kentucky; 536,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia. The company also provides electric delivery services to approximately 1.4 million customers in Pennsylvania; operates electricity distribution networks in the United Kingdom; generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: pplweb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $37.00 | Overweight | JP Morgan |
| 9/20/2024 | $38.00 | Buy | Jefferies |
| 3/8/2024 | $30.00 | Hold → Buy | Argus |
| 10/4/2023 | $29.00 → $25.00 | Buy → Neutral | UBS |
| 8/23/2023 | $26.00 | Equal Weight | Barclays |
| 12/15/2022 | $32.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/6/2022 | $28.50 | Neutral → Buy | Seaport Research Partners |
| 8/15/2022 | $29.00 → $33.00 | Neutral → Buy | BofA Securities |
| 7/7/2022 | $30.00 | In-line → Outperform | Evercore ISI |
| 4/26/2022 | $33.00 | Outperform | Credit Suisse |
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ALLENTOWN, Pa., Feb. 14, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced that Dean A. Del Vecchio has been elected Executive Vice President and Chief Technology and Innovation Officer, a new position that reflects PPL's strong focus on creating technology-enabled utilities of the future. Del Vecchio will report directly to PPL President and Chief Executive Officer Vincent Sorgi. "Today's appointment of Dean comes at a pivotal time for our industry and the world," said Sorgi. "The global energy landscape is shifting dramatically and demands a new kind of utility
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. The Annual Meeting will convene live via the internet on Wednesday, May 15, 2024, at 9 a.m. Eastern time. Shareowners of record as of Feb. 28, 2024, are eligible to vote and participate in the Annual Meeting. Instructions on how to join the meeting will be included in proxy materials that will be provided to shareowners. About PPL PPL Corporation (NYSE:PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5
ALLENTOWN, Pa., May 17, 2023 /PRNewswire/ -- PPL Corporation (NYSE:PPL) is strategically repositioned for top-tier earnings and dividend growth, bolstered by one of the strongest balance sheets in the U.S. utility sector, focused on executing its utility-of-the-future strategy, and intent on becoming the best utility company in the nation, PPL President and Chief Executive Officer Vince Sorgi told shareowners at the company's 2023 virtual annual meeting. "Our acquisition of Rhode Island Energy nearly a year ago and the sale of our U.K. utility business in June 2021 have significantly shifted PPL's future and strategically repositioned the company for long-term growth and success," said Sorgi
ALLENTOWN, Pa., May 18, 2022 /PRNewswire/ -- PPL Corporation (NYSE:PPL) has strategically repositioned itself for long-term growth and success, is eager to showcase its strengths following a year of transition, and is focused on driving significant value for customers and shareowners, PPL President and Chief Executive Officer Vince Sorgi told shareowners today during PPL's annual meeting, which was held virtually. In his message to shareowners, Sorgi outlined the progress PPL has made over the past year in strategically repositioning the company. This included achieving exceptional value of nearly $11 billion with the sale of PPL's former U.K. utility business in June 2021 and announcing the
ALLENTOWN, Pa., May 18, 2021 /PRNewswire/ -- PPL Corporation (NYSE:PPL) continues to deliver electricity and gas safely and reliably during the COVID-19 pandemic, to advance strategic transactions the company announced in March, and to pursue a long-term strategy focused on driving value for all stakeholders, PPL President and Chief Executive Officer Vincent Sorgi told investors during the company's annual meeting, which was held virtually today. "The state of our business is strong, and it is only getting stronger," said Sorgi. "PPL's resolve, resilience and agility were on full display in 2020. In the face of a global pandemic, we responded quickly and effectively to protect our employe
ALLENTOWN, Pa., Jan. 25, 2021 /PRNewswire/ -- The board of directors of PPL Corporation (NYSE: PPL) has appointed director Craig A. Rogerson to serve as independent board chair effective March 1, 2021. This follows Non-Executive Chairman William H. Spence's decision to retire from PPL's board of directors effective the same date. Rogerson, who has served on PPL's board since 2005, is chairman, president and chief executive officer of Hexion Holdings Corporation and Hexion Inc., a global producer of thermoset resins and other chemical platforms. "Craig has been a strong, engaged and independent voice on PPL's board for more than a decade, having served with four different CEOs during that
Research, funded by a DOE grant, will build on initial study to further assess feasibility for new nuclear at company sites should technology become commercially viableLOUISVILLE, Ky., June 26, 2024 /PRNewswire/ -- As part of an ongoing effort to evaluate all options for future replacement of aging generation, and to better support energy-intensive customers with zero-carbon objectives, PPL Corporation subsidiaries Louisville Gas and Electric Company and Kentucky Utilities Company will build on an earlier assessment of nuclear feasibility at the site of an existing Kentucky coal-fired power plant by exploring additional locations and partnerships that could support nuclear energy in the comm
Morgan Stanley analyst David Arcaro maintains PPL (NYSE:PPL) with a Overweight and lowers the price target from $32 to $31.
Morgan Stanley analyst David Arcaro maintains PPL (NYSE:PPL) with a Overweight and raises the price target from $30 to $32.
The Q1 earnings report for PPL (NYSE:PPL) was released on Wednesday, May 1, 2024 at 08:00 AM. Here's what investors need to know about the latest announcement. Earnings PPL beat estimated earnings by 8.0%, reporting an EPS of $0.54 versus an estimate of $0.5. Revenue was down $111.00 million from the same period last year. Analysis of Past Earnings In the previous quarter, the company beat on EPS by $0.02, resulting in a 1.0% increase change in the share price the following day. Here's a look at PPL's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.50 0.38 0.44 0.32 0.46 EPS Actual 0.54 0.40 0.43 0.29 0.48 Revenue Estimate 2.06B 1.90B 1.74B 1.73B 1
Wells Fargo analyst Neil Kalton maintains PPL (NYSE:PPL) with a Overweight and raises the price target from $30 to $32.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector. CMS Energy Corporation (NYSE:CMS) Dividend Yield: 3.39% BMO Capital analyst James Thalacker maintained an Outperform rating and i
Mizuho analyst Anthony Crowdell maintains PPL (NYSE:PPL) with a Neutral and raises the price target from $27 to $28.
PPL Corporation (NYSE:PPL) shares are trading higher after first-quarter FY24 operating revenue growth of $2.304 billion, beating the consensus of $2.062 billion. Electricity sales rose by 4.4% Y/Y, with the PA Regulated segment up 2.0% Y/Y and the KY Regulated segment increased by 7.6% Y/Y. Operating income increased to $545 million from $498 million in the prior year quarter. Adjusted EPS was $0.54, beating the consensus of $0.50. PPL's net cash provided by operating activities in the quarter, totaled $282 million, versus $430 million a year ago. President and Chief Executive Officer Vincent Sorgi said, “We are on track to complete more than $3 billion in infrastructure improv
Announces 2024 third-quarter reported earnings (GAAP) per share of $0.29.Achieves 2024 third-quarter ongoing earnings per share of $0.42 vs. $0.43 in 2023.Narrows 2024 ongoing earnings forecast range to $1.67 to $1.73 per share and increases midpoint to $1.70 per share. Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.ALLENTOWN, Pa., Nov. 1, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced third-quarter 2024 reported earnings (GAAP) of $214 million, or $0.29 per share, compared with third-quarter 2023 reported earnings of $230 million, or $0.31 per share.
ALLENTOWN, Pa., Oct. 11, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated third-quarter 2024 earnings results on Friday, Nov. 1. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors
ALLENTOWN, Pa., Aug. 23, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) declared a quarterly common stock dividend on Friday, Aug. 23, 2024, of $0.2575 per share, payable Oct. 1, 2024, to shareowners of record as of Sept. 10, 2024. About PPLPPL Corporation (NYSE:PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, m
Announces 2024 second-quarter reported earnings (GAAP) per share of $0.26.Achieves 2024 second-quarter ongoing earnings per share of $0.38 vs. $0.29 in 2023.Reaffirms 2024 ongoing earnings forecast range of $1.63 to $1.75 per share with a midpoint of $1.69 per share.Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.ALLENTOWN, Pa., Aug. 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced second-quarter 2024 reported earnings (GAAP) of $190 million, or $0.26 per share, compared with second-quarter 2023 reported earnings of $112 million, or $0.15 per share. PPL reported earnings of $497 million, or $0.67 per share, for the first
ALLENTOWN, Pa., July 16, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated second-quarter 2024 earnings results on Friday, August 2. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors under Events and Presentations or access the live conference call via telephone at 1-844-512-2926. International
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. About PPL PPL Corporation (NYSE:PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit
Announces 2024 first-quarter reported earnings (GAAP) per share of $0.42.Achieves 2024 first-quarter ongoing earnings per share of $0.54 vs. $0.48 in 2023, an increase of 12.5%.Reaffirms 2024 ongoing earnings forecast range of $1.63 to $1.75 per share with a midpoint of $1.69 per share.Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.ALLENTOWN, Pa., May 1, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced first-quarter 2024 reported earnings (GAAP) of $307 million, or $0.42 per share, compared with first-quarter 2023 reported earnings of $285 million, or $0.39 per share. Adjusting for special items, first-quarter 2024 earnings
ALLENTOWN, Pa., April 17, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated first-quarter 2024 earnings results on Wednesday, May 1. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors under Events and Presentations or access the live conference call via telephone at 1-844-512-2926. International
Announces 2023 reported earnings (GAAP) of $1.00 per share.Exceeds 2023 earnings from ongoing operations forecast midpoint, achieving $1.60 per share.Extends 6% to 8% annual EPS and dividend growth targets through at least 2027.Increases capital plan to more than $14 billion through 2027, raising rate base growth to 6.3%.Updated plan maintains strong credit metrics without the need for equity issuances.Announces 7.3% increase in quarterly common stock dividend.ALLENTOWN, Pa., Feb. 16, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced 2023 reported earnings (GAAP) of $740 million, or $1.00 per share, compared with 2022 reported earnings of $756 million, or $1.02 per share. Adju
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. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly and annual results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors under "Events and Presentations" or access the live conference call via telephone at 1-84
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JP Morgan initiated coverage of PPL Corp with a rating of Overweight and set a new price target of $37.00
Jefferies initiated coverage of PPL Corp with a rating of Buy and set a new price target of $38.00
Argus upgraded PPL Corp from Hold to Buy and set a new price target of $30.00
UBS downgraded PPL Corp from Buy to Neutral and set a new price target of $25.00 from $29.00 previously
Barclays initiated coverage of PPL Corp with a rating of Equal Weight and set a new price target of $26.00
Morgan Stanley upgraded PPL Corp from Equal-Weight to Overweight and set a new price target of $32.00
Seaport Research Partners upgraded PPL Corp from Neutral to Buy and set a new price target of $28.50
BofA Securities upgraded PPL Corp from Neutral to Buy and set a new price target of $33.00 from $29.00 previously
Evercore ISI upgraded PPL Corp from In-line to Outperform and set a new price target of $30.00
Credit Suisse initiated coverage of PPL Corp with a rating of Outperform and set a new price target of $33.00
Announces 2024 third-quarter reported earnings (GAAP) per share of $0.29.Achieves 2024 third-quarter ongoing earnings per share of $0.42 vs. $0.43 in 2023.Narrows 2024 ongoing earnings forecast range to $1.67 to $1.73 per share and increases midpoint to $1.70 per share. Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.ALLENTOWN, Pa., Nov. 1, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced third-quarter 2024 reported earnings (GAAP) of $214 million, or $0.29 per share, compared with third-quarter 2023 reported earnings of $230 million, or $0.31 per share.
Utilities' IRP filing models scenarios and addresses increase in load LOUISVILLE, Ky., Oct. 18, 2024 /PRNewswire/ -- Kentucky has seen unprecedented economic growth in recent years that, fortunately, thanks to an interest in data centers and other economic development activity, doesn't appear to be slowing down. As a result, Louisville Gas and Electric Company and Kentucky Utilities Company are forecasting in their Integrated Resource Plan (IRP) filed with the Kentucky Public Service Commission (KPSC) today the need for additional generation due to the expected influx of data
ALLENTOWN, Pa., Oct. 11, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated third-quarter 2024 earnings results on Friday, Nov. 1. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors
ALLENTOWN, Pa., Sept. 12, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) announced today it has executed an agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for an award up to $72 million to help fund a groundbreaking carbon dioxide (CO₂) capture research and development project at the company's natural gas combined-cycle generation facility in Louisville, Kentucky. OCED awarded PPL with the first tranche of funding – $4.9 million – to begin Phase 1 activities. The carbon capture project – developed in partnership with the Univer
ALLENTOWN, Pa., Aug. 23, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) declared a quarterly common stock dividend on Friday, Aug. 23, 2024, of $0.2575 per share, payable Oct. 1, 2024, to shareowners of record as of Sept. 10, 2024. About PPLPPL Corporation (NYSE:PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, m
Announces 2024 second-quarter reported earnings (GAAP) per share of $0.26.Achieves 2024 second-quarter ongoing earnings per share of $0.38 vs. $0.29 in 2023.Reaffirms 2024 ongoing earnings forecast range of $1.63 to $1.75 per share with a midpoint of $1.69 per share.Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.ALLENTOWN, Pa., Aug. 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) today announced second-quarter 2024 reported earnings (GAAP) of $190 million, or $0.26 per share, compared with second-quarter 2023 reported earnings of $112 million, or $0.15 per share. PPL reported earnings of $497 million, or $0.67 per share, for the first
ALLENTOWN, Pa., July 16, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated second-quarter 2024 earnings results on Friday, August 2. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors under Events and Presentations or access the live conference call via telephone at 1-844-512-2926. International
Research, funded by a DOE grant, will build on initial study to further assess feasibility for new nuclear at company sites should technology become commercially viable LOUISVILLE, Ky., June 26, 2024 /PRNewswire/ -- As part of an ongoing effort to evaluate all options for future replacement of aging generation, and to better support energy-intensive customers with zero-carbon objectives, PPL Corporation subsidiaries Louisville Gas and Electric Company and Kentucky Utilities Company will build on an earlier assessment of nuclear feasibility at the site of an existing Kentucky coal-fired power plant by exploring additional locations and partnerships that could support nuclear energy in the co
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. About PPL PPL Corporation (NYSE:PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit
PROVIDENCE, R.I., May 10, 2024 /PRNewswire/ -- Rhode Island Energy, a subsidiary of PPL Corporation (NYSE:PPL), has announced it reached an agreement on new five-year contracts with the Utility Workers Union of America (UWUA), AFL-CIO, Locals 310 and 310B, and Brotherhood of Utility Workers (BUW), which currently represent 526 employees. "We value each of our employees and their dedication to serving our customers and are proud of the positive partnership between our unions and company leadership. These contracts are the result of our ongoing collaborative efforts," said Greg Cornett, president of Rhode Island Energy. "I am pleased that company and union leaders worked together to reach an
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