PPL Corporation (PPL) has seen multifaceted developments recently. The company attracted attention from financial institutions like
BMO Capital Markets, which initiated coverage on PPL with a confident price target. Similarly,
Citi updated PPL's price target to $36. PPL's third-quarter 2024 earnings were announced, prompting a rise in the shares held by various institutions including Barclays PLC and Franklin Resources Inc. Despite a forecasted hike in PPL Electric rates, PPL's stock has continued to perform well in market trades.
Investing strategy has been proactive, leading to increased acquisitions by institutions like Geode Capital Management LLC and Toronto Dominion Bank. The company has also revealed third-quarter 2024 results on a webcast, showing a revenue boost significantly driven by transmission revenue and data center deals. A $0.2575 quarterly dividend, payable in January 2025, was announced as well.
Partnerships for research and strategic acquisitions have taken place, and high-ranking officials, like PPL executive who sold shares worth $314,680 play crucial roles in these decisions. PPL stock has been hitting 52-week high amid strong yearly growth, establishing the company as a solid choice for investors.
Ppl Corporation PPL News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sat, 14 Dec 2024 11:08:52 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor 6
