PPL Corp rises as utilities sector shows stability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2024
0mins
Should l Buy PPL?
Source: 424B5
PPL Corp's stock increased by 3.00% during regular trading, reaching a 20-day high, reflecting positive investor sentiment in the utilities sector.
The utilities sector demonstrated relative stability, with PPL Corp rising 1.4% amid broader market gains, as investors showed a preference for stable returns. This trend indicates a potential shift in capital towards utilities, which may enhance PPL's market position.
As the utilities sector continues to attract investor interest, PPL Corp's performance could benefit from this trend, positioning the company favorably for future growth.
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Analyst Views on PPL
Wall Street analysts forecast PPL stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 36.810
Low
36.00
Averages
40.58
High
45.00
Current: 36.810
Low
36.00
Averages
40.58
High
45.00
About PPL
PPL Corporation is an energy company. The Company is focused on providing electricity and natural gas in the United States. The Company operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment consists primarily of the regulated electricity generation, transmission and distribution operations conducted by Louisville Gas & Electric Company (LG&E) and Kentucky Utilities Company (KU), as well as LG&E's regulated distribution and sale of natural gas. LG&E and KU are engaged in the regulated generation, transmission, distribution and sale of electricity in Kentucky and, in KU's case, also Virginia. The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric. The Rhode Island Regulated segment includes the regulated electricity transmission and distribution operations and regulated distribution and sale of natural gas conducted by RIE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Expectations: The revenue is projected to reach $2.42 billion, marking a 9.5% year-over-year growth, and achieving this would further solidify PPL's market position, even as it lags behind broader indices.
- Historical Performance Review: Over the past two years, PPL has beaten EPS estimates 63% of the time and revenue estimates 88% of the time, indicating a relatively stable financial performance that enhances investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw one upward revision and six downward revisions, while revenue estimates experienced one upward and one downward revision, reflecting a cautious market outlook on PPL's future performance.
See More
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- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
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- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
See More
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- Cardinal Health's Gains: Cardinal Health, Inc. (CAH) also performed well, with a 9.0% increase, suggesting a solid position in the healthcare supply chain that may further enhance its market share and investor confidence.
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See More
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- Voting Eligibility: Shareholders of record as of March 4, 2026, will be eligible to vote and participate in the meeting, enhancing governance transparency by ensuring all eligible voices are heard.
- Company Background: Headquartered in Allentown, Pennsylvania, PPL Corporation is committed to providing safe, reliable, and affordable electricity and natural gas to over 3.6 million customers, showcasing its leadership in the U.S. energy market.
- Sustainability Commitment: PPL's high-performing utilities are actively addressing energy challenges by building smarter, more resilient, and dynamic power grids while advancing sustainable energy solutions, reflecting its commitment to future energy transformation.
See More
PPL Corporation to Hold 2026 Annual Meeting Virtually
- Meeting Schedule: PPL Corporation has announced that its 2026 Annual Meeting of Shareowners will be held virtually on May 13, 2026, at 9 a.m. Eastern Time, ensuring convenient participation and voting for shareholders.
- Shareholder Eligibility: Shareowners of record as of March 4, 2026, will be eligible to participate in the meeting, indicating the company's commitment to shareholder rights and encouraging active involvement in corporate governance.
- Company Overview: Headquartered in Allentown, Pennsylvania, PPL Corporation is focused on providing safe, reliable, and affordable electricity and natural gas to over 3.6 million customers, showcasing its leadership in the U.S. energy market.
- Sustainability Commitment: PPL's high-performing utilities are addressing energy challenges by building smarter, more resilient, and dynamic power grids while advancing sustainable energy solutions, reflecting the company's strategic focus on future energy transformation.
See More
