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What’s Next for PPL Stock?

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PPL stock

Analysts’ mean target price of $31.46 for PPL (PPL), among this year’s most battered stocks, implies an 11% upside to its current price of $28.41. Of the 14 analysts covering PPL, two recommend “strong buy,” five recommend “buy,” six recommend “hold,” and one recommends “sell.”

PPL anr

PPL, an almost entirely regulated utility, generates more than two-thirds of its total revenue from the United Kingdom. The rest of its revenue comes from Kentucky and Pennsylvania. Its 5.8% yield is much higher than broader utilities’ average yield, and it’s the S&P 500 Utilities’ (XLU) top-yielding stock.

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Peers’ price targets

Analysts’ mean target price of $48.50 for PPL peer Xcel Energy (XEL) implies a 6% upside to its current market price of $45.86 over the next 12 months. Meanwhile, their mean target price of $46.75 for Southern Company (SO), the third-largest utility by market capitalization, implies a ~2% downside. Southern Company has a long dividend payment history, having paid a cash dividend for 282 consecutive quarters. To learn more, read How Southern Company’s Dividend Profile Looks Next to Its Peers.

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