PPL Co. (NYSE:PPL) – Research analysts at Seaport Res Ptn decreased their FY2023 earnings estimates for PPL in a note issued to investors on Thursday, January 13th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $1.73 per share for the year, down from their prior estimate of $1.74. Seaport Res Ptn also issued estimates for PPL’s FY2024 earnings at $1.83 EPS.
PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, November 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). PPL had a positive return on equity of 8.07% and a negative net margin of 21.26%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis.
PPL stock opened at $29.97 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.62 and a quick ratio of 2.49. The company has a 50 day moving average price of $29.16 and a 200 day moving average price of $28.93. PPL has a fifty-two week low of $26.15 and a fifty-two week high of $30.72. The stock has a market capitalization of $23.07 billion, a PE ratio of -17.53 and a beta of 0.77.
The company also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Friday, December 10th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Thursday, December 9th. PPL’s dividend payout ratio (DPR) is -97.08%.
Several hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in PPL by 12.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 176,141 shares of the utilities provider’s stock worth $4,925,000 after purchasing an additional 19,055 shares during the period. Financial Advocates Investment Management boosted its stake in PPL by 371.8% in the 3rd quarter. Financial Advocates Investment Management now owns 46,958 shares of the utilities provider’s stock worth $1,309,000 after purchasing an additional 37,006 shares during the period. Arkadios Wealth Advisors boosted its stake in PPL by 116.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 39,306 shares of the utilities provider’s stock worth $1,095,000 after purchasing an additional 21,156 shares during the period. Private Advisor Group LLC boosted its stake in PPL by 22.1% in the 3rd quarter. Private Advisor Group LLC now owns 166,172 shares of the utilities provider’s stock worth $4,633,000 after purchasing an additional 30,057 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in PPL by 7.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 181,805 shares of the utilities provider’s stock worth $5,068,000 after purchasing an additional 12,585 shares during the period. 63.50% of the stock is owned by institutional investors.
PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution.
Recommended Story: What is the Consumer Price Index (CPI)?
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.