Electric Company PPL Powers Past Q1 Estimates, Eyes Bright Future
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
0mins
Should l Buy PPL?
Source: earning
- PPL Corporation Financial Performance: PPL shares are up after reporting first-quarter FY24 operating revenue growth, beating consensus estimates. Electricity sales increased year-over-year in both PA and KY regulated segments.
- Operational Income and EPS: Operating income rose to $545 million, adjusted EPS was $0.54, surpassing expectations.
- Cash Flow and Infrastructure Investments: Net cash provided by operating activities decreased compared to the previous year. The company plans over $3 billion in infrastructure improvements in 2024 as part of a larger modernization plan.
- Outlook and Growth Targets: PPL expects EPS of $1.63 to $1.75 in FY24, with continued annual adjusted EPS and dividend growth targets through 2027.
- Investor Information: Investors can access PPL stock through First Trust EIP Carbon Impact ETF and First Trust North American Energy Infrastructure Fund. PPL shares were trading higher at $28.04.
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Analyst Views on PPL
Wall Street analysts forecast PPL stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 36.610
Low
36.00
Averages
40.58
High
45.00
Current: 36.610
Low
36.00
Averages
40.58
High
45.00
About PPL
PPL Corporation is an energy company. The Company is focused on providing electricity and natural gas in the United States. The Company operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment consists primarily of the regulated electricity generation, transmission and distribution operations conducted by Louisville Gas & Electric Company (LG&E) and Kentucky Utilities Company (KU), as well as LG&E's regulated distribution and sale of natural gas. LG&E and KU are engaged in the regulated generation, transmission, distribution and sale of electricity in Kentucky and, in KU's case, also Virginia. The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric. The Rhode Island Regulated segment includes the regulated electricity transmission and distribution operations and regulated distribution and sale of natural gas conducted by RIE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
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- Healthcare Sector Performance: In Thursday's trading, healthcare stocks emerged as the best-performing sector, rising by 0.2%, with McKesson Corp (MCK) leading the charge with a 16.6% gain, indicating strong market demand that could attract more investor interest in the sector.
- Cardinal Health's Gains: Cardinal Health, Inc. (CAH) also performed well, with a 9.0% increase, suggesting a solid position in the healthcare supply chain that may further enhance its market share and investor confidence.
- ETF Trends: Despite the overall positive performance in healthcare, the Health Care Select Sector SPDR ETF (XLV) fell by 0.5%, indicating a preference for individual stocks over ETFs, which may lead to a shift in capital towards more promising equities.
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See More
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- Meeting Schedule: PPL Corporation has announced that its 2026 Annual Shareholders Meeting will be held virtually on May 13, 2026, at 9 a.m. Eastern Time, ensuring convenient participation for shareholders.
- Voting Eligibility: Shareholders of record as of March 4, 2026, will be eligible to vote and participate in the meeting, enhancing governance transparency by ensuring all eligible voices are heard.
- Company Background: Headquartered in Allentown, Pennsylvania, PPL Corporation is committed to providing safe, reliable, and affordable electricity and natural gas to over 3.6 million customers, showcasing its leadership in the U.S. energy market.
- Sustainability Commitment: PPL's high-performing utilities are actively addressing energy challenges by building smarter, more resilient, and dynamic power grids while advancing sustainable energy solutions, reflecting its commitment to future energy transformation.
See More
PPL Corporation to Hold 2026 Annual Meeting Virtually
- Meeting Schedule: PPL Corporation has announced that its 2026 Annual Meeting of Shareowners will be held virtually on May 13, 2026, at 9 a.m. Eastern Time, ensuring convenient participation and voting for shareholders.
- Shareholder Eligibility: Shareowners of record as of March 4, 2026, will be eligible to participate in the meeting, indicating the company's commitment to shareholder rights and encouraging active involvement in corporate governance.
- Company Overview: Headquartered in Allentown, Pennsylvania, PPL Corporation is focused on providing safe, reliable, and affordable electricity and natural gas to over 3.6 million customers, showcasing its leadership in the U.S. energy market.
- Sustainability Commitment: PPL's high-performing utilities are addressing energy challenges by building smarter, more resilient, and dynamic power grids while advancing sustainable energy solutions, reflecting the company's strategic focus on future energy transformation.
See More
PPL Electric Reaffirms Commitment to Transparency and Affordability
- Rate Transparency Enhancement: PPL Electric fully supports increased transparency in the regulatory process, undergoing regular management audits and operational reporting to ensure public confidence in utility regulation, thereby enhancing customer trust in the company.
- Retail Market Reform Advocacy: In 2025 alone, retail shopping abuses cost residential customers over $60 million, prompting PPL Electric to support the governor's measures aimed at protecting customers from unfair retail energy practices, which is intended to lower electricity expenses and improve customer satisfaction.
- Fee Reduction and Customer Protection: PPL Electric has identified several 'junk' fees that could be eliminated to lower bills, planning to collaborate with policymakers to address these issues while continuing to support vulnerable populations and ensuring service continuity during financial hardships.
- Cost Management and Investment: Over the past decade, PPL Electric has managed operating and maintenance expenses nearly 25% below inflation, successfully avoiding base rate increases since 2015 while ensuring reliable service and maintaining some of the lowest rates in the region.
See More
