PPL Corporation disclosed its third-quarter 2024 earnings. The corporation's stock advanced, albeit underperforming the broader market. An alliance between URI, Rhode Island Energy (a PPL Corporation affiliate), and Principal Financial Group Inc. were reported, which was valorized at $29.19 million and focused on renewable energy, alternative energy options, and sustainability. Citi has lifted PPL Corp.'s price target from $31 to $36. Reports suggest robust rate base growth for PPL Corp in 2025. State Street Corp's strategic procurement of PPL Corp shares was also featured. Despite this, uncertainty remains whether PPL stock underperforms the S&P 500.
The company will distribute its quarterly stock dividend in early 2025. Additionally, there was an announcement regarding PPL Corp's SVP selling $213,510 in stock. A possibly notable revelation was that PPL Corporation secured up to $72 million in federal funding from the U.S. Department of Energy's Office of Clean Energy Demonstrations. PPL to Declare 3rd Quarter Earnings and JPMorgan anticipates 'top-tier growth' for them. The earnings call transcript for Q3 2024 revealed strong financial performance and PPL Corp continues to outperform competitors on a strong trading day. Furthermore, PPL Corporation disclosed Dean A. Del Vecchio's appointment as the new Chief Technology and Innovation Officer, signaling the company's commitment to innovating for future utilities.
Ppl Corporation PPL News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Wed, 25 Dec 2024 09:17:21 GMT - Rating 2 - Innovation 7 - Information 7 - Rumor 4
