PPL Co. Plans Quarterly Dividend of $0.37 (PPL)
PPL (NYSE:PPL) announced a quarterly dividend on Friday, August 22nd, Analyst Ratings News reports. Stockholders of record on Wednesday, September 10th will be paid a dividend of 0.3725 per share on Wednesday, October 1st. This represents a $1.49 annualized dividend and a dividend yield of 4.35%.
A number of research firms have recently commented on PPL. Analysts at Zacks reiterated a “neutral” rating on shares of PPL in a research note on Monday, August 4th. They now have a $35.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of PPL from $34.00 to $35.00 in a research note on Monday, August 4th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of PPL in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $38.00. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. PPL has a consensus rating of “Buy” and an average price target of $35.44.
PPL (NYSE:PPL) traded down 0.35% on Friday, hitting $34.17. The stock had a trading volume of 970,401 shares. PPL has a one year low of $28.95 and a one year high of $35.56. The stock has a 50-day moving average of $33.5 and a 200-day moving average of $33.20. The company has a market cap of $22.702 billion and a P/E ratio of 26.10.
PPL (NYSE:PPL) last released its earnings data on Thursday, July 31st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.09. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the company posted $0.49 earnings per share. PPL’s revenue was down 16.7% compared to the same quarter last year. On average, analysts predict that PPL will post $2.28 earnings per share for the current fiscal year.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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