30.99 0.00 (0.00%)
After hours: 7:53PM EST
|Bid||30.91 x 900|
|Ask||31.71 x 4000|
|Day's Range||30.99 - 33.15|
|52 Week Range||28.55 - 36.83|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||13.08|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.66 (4.99%)|
|Ex-Dividend Date||Mar 08, 2020|
|1y Target Est||36.79|
The utilities sector is made up of companies that provide electricity, natural gas, water, sewage and other services to homes and businesses. Many of these companies are heavily regulated, and include American Electric Power Co. Inc. (AEP), Consolidated Edison Inc. (ED), and Xcel Energy Inc. (XEL). Utilities stocks, as represented by the Utilities Select Sector SPDR ETF (XLU), have outperformed the broader market, providing investors with a total return of 21.8% compared to the S&P 500's total return of 16.7% over the past 12 months. These market performance numbers and the statistics in the tables below are as of February 25.
PPL Corporation (NYSE: PPL) announced today that William H. Spence, Chairman and Chief Executive Officer (CEO), will retire as of June 1 and become Non-Executive Chairman of PPL's board of directors.
Shares of PPL Corp. edged up 0.3% in premarket trading Friday, after the utility reported a fourth-quarter profit that beat expectations but revenue that missed, and announced a 1/4-cent dividend increase. Net income fell to $364 million, or 48 cents a share, from $415 million, or 57 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 57 cents from 52 cents, above the FactSet consensus of 53 cents. Revenue increased to $1.95 billion from $1.94 billion, but was below the FactSet consensus of $2.05 billion. The company expects 2020 EPS of $2.40 to $2.60, which surrounds the FactSet consensus of $2.52, while lowering its 2021 guidance range to $2.40 to $2.60 from $2.50 to $2.80. PPL increased its quarterly dividend to 41.50 cents a share from 41.25 cents, with the new dividend payable April 1 to shareholders of record on March 10. Based on Thursday's closing price of $36.28, the new annual dividend rate implies a dividend yield of 4.58%, compared with the yield for the SPDR Utilities Select Sector ETF of 2.73% and the S&P 500's implied yield of 1.79%. PPL's stock has gained 7.9% over the past three months while the utilities ETF has climbed 11.6% and the S&P 500 has gained 9.0%.
PPL Corporation (NYSE: PPL) on Friday (2/14) announced 2019 reported earnings (GAAP) of $1.75 billion, or $2.37 per share, compared with $1.83 billion, or $2.58 per share, in 2018.
PPL Corp's (PPL) fourth-quarter earnings are likely to have benefited from its ability to recover a major portion of capex in a short time span.
Atmos Energy's (ATO) first-quarter fiscal 2020 earnings are expected to have benefited from new rates and ongoing customer additions in its service territories.
PPL Corporation (PPL) is a lucrative stock to invest in at the moment on the back of its enduring strategic investments and growing operational excellence.
PPL Corporation (NYSE: PPL) has scheduled the company's 2020 annual meeting of shareowners for Wednesday, May 13, 2020. The meeting will be held at the PPL Center, 701 Hamilton St., Allentown. It will begin at 9 a.m. Eastern time.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
ALLENTOWN, Pa. , Nov. 22, 2019 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday, Nov. 22 , of $0.4125 per share, payable Jan. 2, 2020 , to shareowners of ...
AUSTIN, Texas, Nov. 21, 2019 /PRNewswire/ -- PPL Electric Utilities was recognized Wednesday (11/20) by PA Consulting as a recipient of the 2019 ReliabilityOne™ Most Improved Utility Award for its dramatic improvements in grid reliability over the past decade. This award is presented to utility companies in recognition of notable sustained improvements in their effort to keep the power on. PA Consulting identified utilities that have exhibited the highest sustained levels in reliability in both duration and frequency over the past five years.
Yahoo Finance's Brian Sozzi, Alexis Christoforous and Jared Blikre discuss the latest market action with AdvisorShares CEO Noah Hamman and Invesco Investment Strategist Tim Horsburgh on The First Trade.