Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PPL (PPL) . PPL currently has an average brokerage recommendation (ABR) of ...

PPL (PPL) closed the latest trading day at $32.74, indicating a +0.52% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq added 0.04%. The the stock of energy and utility holding company has risen by 2.65% in the past month, lagging the Utilities sector's gain of 4.22% and overreaching the S&P 500's gain of 1.95%. The investment community will be paying close attention to the earnings perfo ...

PPL Corporation (PPL) announced that its carbon emission capture research and development project has secured up to $72 million of funding from the U.S. Department of Energy ("DOE") Office of Clean Energy Demonstrations ("OCED"). Per the agreement, OCED awarded PPL with the first tranche of funding, worth $4.9 million, to begin Phase 1 activities. The research and development work will be conducted at PPL's Cane Run generating station in Louisville, KY. This carbon emission capture project will assist the u ...

PPL (PPL) closed the most recent trading day at $32.46, moving +1.56% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the techheavy Nasdaq added 0.65%. The the stock of energy and utility holding company has risen by 3.16% in the past month, lagging the Utilities sector's gain of 4.65% and the S&P 500's gain of 4.86%. The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. T ...

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 activitie ...

PPL Corp.'s (PPL) shares have rallied 20% year to date, compared with its industry's growth of 13%. The company continues to provide electricity and natural gas to its 3.5 million customers across the United States. In the same time period, PPL has outperformed its sector and the S&P 500. PPL plans to invest $14.3 billion through 2027 to strengthen its infrastructure and prevent outages. The company is also working to lower emissions from electricity production and develop a net-zero energy system by 2050. ...

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 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 ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PPL (PPL) . PPL currently has an average brokerage recommendatio ...

Financial Data and Key Metrics Changes - PPL Corporation reported second quarter GAAP earnings of $0.26 per share, an increase from $0.15 per share in Q2 2023. Adjusted ongoing earnings were $0.38 per share, up $0.09 from the previous year [22][3][4] - Year-to-date GAAP earnings reached $0.67 per share compared to $0.54 per share in the same period last year. Adjusted ongoing earnings for the first half of 2024 totaled $0.92 per share, an improvement of $0.15 per share compared to the first half of 2023 [22][23] Business Line Data and Key Metrics Changes - The Kentucky segment's results increased by $0.05 per share compared to Q2 2023, driven by higher sales volumes and lower operating costs [24] - The Pennsylvania Regulated segment also saw an increase of $0.05 per share, attributed to higher transmission revenues and increased usage per customer [24] - The Rhode Island segment's results improved by $0.01 per share, mainly due to higher distribution and transmission revenues, offset by increased operating costs [25] Market Data and Key Metrics Changes - PPL has over 17 gigawatts of interconnection requests in Pennsylvania, with nearly 5 gigawatts in advanced planning stages, up from 3 gigawatts previously discussed [13] - The company estimates that for every 1 gigawatt of data center demand connected to the grid, residential customers could save about 10% on the transmission portion of their bill, translating to approximately $3 monthly savings [14] Company Strategy and Development Direction - PPL's "Utility of the Future" strategy aims for a net zero energy system by 2050 while ensuring reliability and affordability [6][7] - The company plans to invest $14.3 billion in infrastructure improvements from 2024 to 2027, focusing on decarbonization and enhancing grid reliability [5][6] - PPL is actively pursuing partnerships for R&D in low-carbon technologies, including advanced nuclear and carbon capture [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2024 ongoing earnings forecast of $1.63 to $1.75 per share, with a focus on maintaining a strong balance sheet to support investment needs [3][26] - The company is positioned to achieve annual earnings per share and dividend growth of 6% to 8% through at least 2027 [5][26] Other Important Information - PPL is on track to complete approximately $3.1 billion in infrastructure improvements in 2024 [4] - The Pennsylvania PUC approved modifications to PPL's long-term infrastructure improvement plan, allowing for $200 million of reliability investments to be classified as capital eligible for recovery [18] Q&A Session Summary Question: Insights on transmission side and capacity auction implications - Management acknowledged the need for generation and transmission investments in PJM, indicating potential opportunities for additional transmission solutions [29][30] Question: Impact of PJM auction results on customer bills - Management estimated that higher prices could increase the generation portion of the bill by about $10 to $15 per month for average customers starting in 2025 [37] Question: Balance sheet capacity and CapEx considerations - Management confirmed a strong balance sheet and indicated that capital needs would be assessed in light of various factors, including interest rates and inflation [39][40] Question: Kentucky IRP and potential new generation needs - Management stated that a comprehensive load forecast would be conducted to determine if new generation is necessary, with results expected in October [43][44] Question: Data center demand and associated CapEx - Management indicated that formal announcements regarding data center demand would likely come at the end of the year or early next year [56][57]

PPL Corporation (PPL) reported second-quarter 2024 operating earnings per share (EPS) of 38 cents, which surpassed the Zacks Consensus Estimate of 31 cents by 22.6%. The bottom line increased 31% from the yearago quarter's figure of 29 cents per share. On a GAAP basis, PPL recorded EPS of 26 cents compared with 15 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to a one-time item like 12 cents expenses relating to acquisition integration. Revenues Total revenues of ...