PPL Co. plans quarterly dividend of $0.26 (NYSE:PPL)

PPL Co. (NYSE:PPL – Get Your Free Report ) announced a quarterly dividend on Friday, August 23rd, RTT News reports. Stockholders of record on Tuesday, September 10th will be given a dividend of 0.2575 per share by the utilities provider on Tuesday, October 1st. This represents an annualized dividend of $1.03 and a yield of 3.24%. The ex-dividend date is Tuesday, September 10.

PPL has cut its dividend by an average of 16.7% per year over the past three years. PPL has a payout ratio of 56.3%, meaning its dividend is sufficiently covered by earnings. Equities research analysts expect that PPL will earn $1.84 per share next year, which means the company should be able to continue to cover its $1.03 annual dividend with an estimated future payout ratio of 56 .0%.

PPL trading up 0.7%

PPL opened at $31.78 on Friday. PPL has a 12-month low of $22.20 and a 12-month high of $31.82. The stock has a fifty day moving average price of $29.16 and a 200 day moving average price of $28.07. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 2.66 and a beta of 0.81. The company has a current ratio of 1.11, a quick ratio of 0.91, and a debt-to-equity ratio of 1.12.

PPL (NYSE:PPL – Get Your Free Report ) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. PPL had a net margin of 10.17% and a return on equity of 9.26%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.92 billion. In the same period last year, the firm posted earnings of $0.29 per share. The company’s quarterly revenue was up 3.2% year over year. As a group, equities research analysts anticipate that PPL will post 1.72 earnings per share for the current fiscal year.

Analyst upgrades and downgrades

PPL has been the subject of several analyst reports. StockNews.com raised shares of PPL from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Morgan Stanley boosted their price target on PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho lifted their price objective on PPL from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their target price on PPL from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.82.

See the latest stock analysis on PPL

PPL Company Profile

(Get a free report)

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: regulated by Kentucky, regulated by Pennsylvania, and regulated by Rhode Island. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generate electricity from power plants in Kentucky.

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