PPL Corp. received a price target increase from $35 to $38 at
Morgan Stanley, indicating an optimistic outlook. It was also noted that PPL stock is trading at a premium, with mixed recommendations on whether to buy, hold, or sell. Substantial movements in ownership were observed as several entities, including Corient Private Wealth, Boston Partners, and Proficio Capital Partners, increased their stock positions in PPL. Despite a US$1.2b market cap decline, institutional owners remain unfazed due to longer-term profit outlooks. Notably,
Executive Vice President and COO
Fran Sullivan will retire, prompting organizational changes. The company also revealed its intent to pay a quarterly stock dividend in January 2025. PPL was noted to invest significantly in Kentucky's future energy, hinting at long-term growth strategies. Several analysts offered varying views on the stock's future movement while the upcoming earnings report is eagerly anticipated by investors. PPL Corp. announced a sizable $2B equity distribution agreement and continues to draw attention from large investors such as Essential Planning and Independent Advisor Alliance.
Ppl Corporation PPL News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 22 Mar 2025 08:22:12 GMT -
Rating 8
- Innovation 1
- Information 9
- Rumor -3
