La vendita allo scoperto per PPL dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di PPL. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

PPL (NYSE:PPL) Azioni, Report sulle vendite allo scoperto

PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky. The Kentucky utilities also serve gas customers. Rhode Island Energy operates electric and gas utilities in Rhode Island.

PPL Corp

PEMBINA PIPLNE CL A PFD 5 by Pembina Pipeline Corp.

Pembina Pipeline Corp

PT PERUSAHAAN GAS NGR ORD by PT Perusahaan Perkebunan London Sumatra Indonesia Tbk

PT PP London Sumatra Indonesia Tbk

PT PERUSAHAAN UNSP/ADR by PT Perusahaan Perkebunan London Sumatra Indonesia Tbk

Peoples Ltd

PEMBINA PIPELINE PFD A by Pembina Pipeline Corp.

abrdn Physical Platinum Shares ETF

<p>Jefferies  analyst Paul Zimbardo   initiates coverage on PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Buy rating and announces Price Target of $38.</p>


News

Price Target

Initiation

Analyst Ratings

Jefferies Initiates Coverage On PPL with Buy Rating, Announces Price Target of $38

<p>Wells Fargo  analyst Neil Kalton   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and raises the price target from $35 to $37.</p>


Wells Fargo Maintains Overweight on PPL, Raises Price Target to $37

<p>As of Sept. 16, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pr</a>o. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</strong></h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. &#8220;During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns,&#8221; said NiSource President and CEO, Lloyd Yates. The company's stock gained around 7% over the past month and has a 52-week high of $34.14.</li>
<li><strong>RSI Value:</strong> 82.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NI Price Action:</strong> Shares of NiSource gained 1.3% to close at $34.06 on Friday.</li>
</ul>
<h3 class="wp-block-heading"><strong>PPL Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>)</strong></h3>
<ul>
<li>On Sept. 12, PPL finalized award for up to $72 million in federal funding from U.S. Department of Energy&#8217;s Office of Clean Energy Demonstrations. The company's stock gained around 4% over the past month and <a href="https://www.benzinga.com/quote/PPL">has a 52-week high</a> of $32.54.</li>
<li><strong>RSI Value:</strong> 70.90</li>
<li><strong>PPL Price Action:</strong> Shares of PPL gained 1.6% to close at $32.46 on Friday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></strong></li>
</ul>


Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

Top 2 Utilities Stocks That May Implode In Q3

<p>PPL Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) announced today it has executed an agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for an&nbsp;award up to $72 million to help fund a groundbreaking carbon dioxide (CO₂) capture research and development project at the company's natural gas combined-cycle generation facility in Louisville, Kentucky. OCED awarded PPL with the first tranche of funding – $4.9 million – to begin Phase 1 activities.</p>
<p>&nbsp;</p>
<p>The carbon capture project – developed in partnership with the University of Kentucky and others – represents a total investment of more than $100 million and will be hosted at the Cane Run generating station jointly owned and operated by PPL subsidiaries Kentucky Utilities and Louisville Gas and Electric Company. OCED announced in February of this year that the DOE selected the project for award negotiations.</p>


Contracts

PPL Finalizes Award For Up To $72M In Federal Funding From U.S. DOE's Office Of Clean Energy Demonstrations; OCED Awarded PPL With The First Tranche Of Funding, $4.9M, To Begin Phase 1 Activities

<p>B of A Securities  analyst Julien Dumoulin-Smith   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Buy and raises the price target from $33 to $34.</p>


B of A Securities Maintains Buy on PPL, Raises Price Target to $34

<p><strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) is a global energy company. Its strategic investments to expand its clean energy generation capacity and construction of new generation, transmission and distribution projects are likely to boost its performance. Given its growth opportunities, AES makes for a solid investment option in the Utility sector.</p>
<p>The company currently carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.</p>
<h2>Growth Projections &amp; Surprise History of AES</h2>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.91 and $2.08, respectively, which indicates year-over-year growth of 8.5% and 8.8%.</p>
<p>The consensus estimate for 2024 and 2025 sales is pegged at $13.32 billion and $13.77 billion, respectively, which indicates year-over-year growth of 5.1% and 3.4%.</p>
<p>AES delivered an average earnings surprise of 19.18% in the past four quarters.</p>
<h2>AES Stock&#39;s Dividend Yield</h2>
<p>AES distributes dividends to shareholders on a regular basis. Its current dividend yield is 3.82%, which is better than the industry&#39;s average of 3.44%.</p>
<h2>AES&#39; Return on Equity</h2>
<p>AES&#39; current return on equity (ROE) is pinned at 32.74%, which is more than the industry average of 10.34%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.</p>
<h2>AES&#39; Investments</h2>
<p>AES is one of the forerunners in the utility industry&#39;s transition to clean energy by investing in sustainable growth and innovative solutions. Notably, the company completed the construction and the acquisition of 976 megawatts of wind, solar and energy storage, during the second quarter of 2024. It signed long-term contracts for 1 gigawatt (GW) of new renewables.</p>
<p>AES signed agreements to support 1.2 GW of new data center load at U.S utilities. It also signed 15-year power purchase agreements for 727 MW of wind and solar energy to serve data center growth in Texas and a 310 MW retail supply agreement to support data centers throughout Ohio.</p>
<p>This should help the company to duly add 3.6 GW of new renewable projects to its portfolio in 2024 and 14-17 GW of renewable energy capacity to its project portfolio during the 2023-2025 time period.</p>
<h2>AES Stock Performance</h2>
<p>Shares of AES have gained 22% in the past six months compared with the sector&#39;s 18.3% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a5/75393.jpg?v=956434569" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>Some other top-ranked stocks in the industry are <strong>American Electric Power Company, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>), <strong>PPL Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppl#NYSE">PPL</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>). Each of these stocks currently carries a Zacks Rank of 2.</p>
<p>American Electric Power&#39;s long-term (three to five years) earnings growth rate is 6.20%. The Zacks Consensus Estimate for 2024 sales indicates year-over-year growth of 5.7%.</p>
<p>PPL Corporation&#39;s long-term earnings growth rate is 6.80%. The consensus estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p>NiSource delivered an average earnings surprise of 20.64% in the last four quarters. The Zacks Consensus Estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p><a href="https://www.zacks.com/stock/news/2327144/here-s-why-you-should-add-aes-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327144">To read this article on Zacks.com click here.</a></p>


Earnings

Large Cap

Dividends

Here's Why You Should Add AES to Your Portfolio Right Now

<p>Morgan Stanley  analyst David Arcaro   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and raises the price target from $31 to $33.</p>


Morgan Stanley Maintains Overweight on PPL, Raises Price Target to $33

<p>Wells Fargo  analyst Neil Kalton   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and raises the price target from $32 to $35.</p>


Wells Fargo Maintains Overweight on PPL, Raises Price Target to $35

<ul>
<li>Reaffirms 2024 ongoing earnings forecast range of&nbsp;$1.63&nbsp;to&nbsp;$1.75&nbsp;per share with a midpoint of&nbsp;$1.69&nbsp;per share.</li>
<li>Reaffirms projected annual earnings per share and dividend growth of&nbsp;6%&nbsp;to&nbsp;8%&nbsp;through at least 2027.</li>
</ul>


Guidance

PPL Reaffirms 2024 Adjusted EPS Of $1.63 To $1.75 With A Midpoint Of $1.69 Vs. $1.71 Est.; Reaffirms Projected Annual EPS And Dividend Growth Of 6% To 8% Through At Least 2027

<p>PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.33 by 15.15 percent. This is a 31.03 percent increase over earnings of $0.29 per share from the same period last year.  The company reported quarterly sales of $1.880 billion which beat the analyst consensus estimate of $1.642 billion by 14.53 percent.  This is a 3.13 percent increase over sales of $1.823 billion the same period last year.</p>


Earnings Beats

PPL Q2 2024 Adj. EPS $0.38 Beats $0.33 Estimate, Sales $1.880B Beat $1.642B Estimate

<p><i>Research, funded by a DOE grant, will build on initial study to further assess feasibility&nbsp;for new nuclear at company sites should technology become commercially viable</i></p>
<p>LOUISVILLE, Ky., June 26, 2024 /PRNewswire/ -- As part of an ongoing effort to evaluate all options for future replacement of aging generation, and to better support energy-intensive customers with zero-carbon objectives,&nbsp;PPL Corporation subsidiaries Louisville Gas and Electric Company and Kentucky Utilities Company will build on an earlier assessment of nuclear feasibility at the site of an existing Kentucky coal-fired power plant by exploring additional locations and partnerships that could support nuclear energy in the commonwealth.</p>


PPL's LG&E And KU Expand Collaboration With U.S. DOE Initiative To Conduct Nuclear Feasibility Study

<p>Morgan Stanley  analyst David Arcaro   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and lowers the price target from $32 to $31.</p>


Morgan Stanley Maintains Overweight on PPL, Lowers Price Target to $31

<p>Morgan Stanley  analyst David Arcaro   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and raises the price target from $30 to $32.</p>


Morgan Stanley Maintains Overweight on PPL, Raises Price Target to $32

<p>The Q1 earnings report for <strong>PPL</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) was released on Wednesday, May 1, 2024 at 08:00 AM.</p>
<p>Here's what investors need to know about the latest announcement.</p>
<h3>Earnings</h3>
<p>PPL beat estimated earnings by 8.0%, reporting an EPS of $0.54 versus an estimate of $0.5.</p>
<p>Revenue was down $111.00 million from the same period last year.</p>
<h3>Analysis of Past Earnings</h3>
<p>In the previous quarter, the company beat on EPS by $0.02, resulting in a 1.0% increase change in the share price the following day.</p>
<p>Here's a look at PPL's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.50</td>
<td>0.38</td>
<td>0.44</td>
<td>0.32</td>
<td>0.46</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.54</td>
<td>0.40</td>
<td>0.43</td>
<td>0.29</td>
<td>0.48</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>2.06B</td>
<td>1.90B</td>
<td>1.74B</td>
<td>1.73B</td>
<td>1.99B</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>2.30B</td>
<td>2.03B</td>
<td>2.04B</td>
<td>1.82B</td>
<td>2.42B</td>
</tr>
</tbody>
</table>
</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Guidance</h3>
<p>PPL management provided guidance for FY 2024, expecting earnings between $1.63 and $1.75 per share.</p>
<h3>Peer Performance in Recent Earnings</h3>
<p>With PPL's earnings data in hand, it's essential to compare its metrics to those of similar companies, including FirstEnergy, Xcel Energy, and Pinnacle West Capital.</p>
<ul>
<li>FirstEnergy announced earnings on April 25, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $0.56, FirstEnergy's actual EPS was $0.55, resulting in a -1.79% decrease compared to expectations.</li>
<li>Xcel Energy's earnings on April 25, 2024 exceeded market projections, revealing an EPS of $0.88 compared to the estimated EPS of $0.78, resulting in a 12.82% increase.</li>
<li>Pinnacle West Capital's earnings on May 02, 2024 exceeded market projections, revealing an EPS of $0.15 compared to the estimated EPS of $0.09, resulting in a 66.67% increase.</li>
</ul>
<h3>Insights: Competitors' Quarterly Earnings and Stock Performance</h3>
<p>Insights into the market's response to the latest earnings releases of key competitors are provided in this analysis. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.</p>
<p>
<table>
<thead>
<tr>
<th><strong>Company Name</strong></th>
<th><strong>Date</strong></th>
<th style="text-align: right;"><strong>EPS Expected</strong></th>
<th style="text-align: right;"><strong>EPS Announced</strong></th>
<th><strong>EPS Change Percent</strong></th>
<th><strong>Stock Price At Close</strong></th>
<th><strong>Stock Price at Next Day Open</strong></th>
<th><strong>Price Change Percent</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PPL</td>
<td>May 1, 2024</td>
<td style="text-align: right;">0.50</td>
<td style="text-align: right;">0.54</td>
<td>8.0%</td>
<td>$28.0</td>
<td>$27.99</td>
<td>-0.04%</td>
</tr>
<tr>
<td>FirstEnergy</td>
<td>April 25, 2024</td>
<td style="text-align: right;">0.56</td>
<td style="text-align: right;">0.55</td>
<td>-1.79%</td>
<td>$38.57</td>
<td>$38.2</td>
<td>-0.96%</td>
</tr>
<tr>
<td>Xcel Energy</td>
<td>April 25, 2024</td>
<td style="text-align: right;">0.78</td>
<td style="text-align: right;">0.88</td>
<td>12.82%</td>
<td>$55.01</td>
<td>$54.58</td>
<td>-0.78%</td>
</tr>
<tr>
<td>Pinnacle West Capital</td>
<td>May 02, 2024</td>
<td style="text-align: right;">0.09</td>
<td style="text-align: right;">0.15</td>
<td>66.67%</td>
<td>$75.04</td>
<td>$75.72</td>
<td>0.91%</td>
</tr>
</tbody>
</table>
</p>
<h3>Comparative Study: Estimated vs. Actual Peer Revenues</h3>
<p>The following table compares estimated and announced revenue figures for PPL's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context to understand their financial standing within the industry.</p>
<p>
<table>
<thead>
<tr>
<th><strong>Company Name</strong></th>
<th><strong>Estimated Revenue</strong></th>
<th><strong>Announced Revenue</strong></th>
<th><strong>Revenue Surprise Percentage</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PPL</td>
<td>2.06B</td>
<td>2.30B</td>
<td>11.84%</td>
</tr>
<tr>
<td>FirstEnergy</td>
<td>3.22B</td>
<td>3.29B</td>
<td>2.08%</td>
</tr>
<tr>
<td>Xcel Energy</td>
<td>4.13B</td>
<td>3.65B</td>
<td>-11.65%</td>
</tr>
<tr>
<td>Pinnacle West Capital</td>
<td>974.96M</td>
<td>951.71M</td>
<td>-2.38%</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for PPL <a href="https://www.benzinga.com/quote/PPL/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings Summary: PPL Q1

<p>Wells Fargo  analyst Neil Kalton   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Overweight and raises the price target from $30 to $32.</p>


Wells Fargo Maintains Overweight on PPL, Raises Price Target to $32

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a> .</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.</p>
<h3 class="wp-block-heading"><strong>CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.39%</li>
<li><strong>BMO Capital </strong>analyst James Thalacker maintained an Outperform rating and increased the price target from $67 to $68 on April 26. This analyst has an accuracy rate of 64%.</li>
<li><strong>JP Morgan </strong>analyst Richard Sunderland maintained an Overweight rating and raised the price target from $65 to $66 on March 13. This analyst has an accuracy rate of 64%.</li>
<li><strong>Recent News:</strong> On April 25, CMS Energy posted better-than-expected quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading"><strong>Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.45%</li>
<li><strong>Barclays </strong>analyst Eric Beaumontmaintained an Overweight rating and increased the price target from $77 to $79 on March 14. This analyst has an accuracy rate of 70%.</li>
<li><strong>RBC Capital</strong> analyst Shelby Tucker reiterated an Outperform rating with a price target of $82 on March 6. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News:</strong> Sempra is expected to release its first-quarter 2024 earnings on Tuesday, May 7.</li>
</ul>
<h3 class="wp-block-heading"><strong>PPL Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.68%</li>
<li><strong>B of A Securities </strong>analyst Julien Dumoulin-Smithmaintained a Buy rating and raised the price target from $29 to $30 on April 11. This analyst has an accuracy rate of 68%.</li>
<li><strong>RBC Capital </strong>analyst Shelby Tucker maintained an Outperform rating and boosted the price target from $30 to $31 on April 11. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News:</strong> On May 1, PPL posted better-than-expected quarterly earnings.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38573088/apple-kellanova-and-3-stocks-to-watch-heading-into-thursday">Apple, Kellanova And 3 Stocks To Watch Heading Into Thursday</a></p>


Long Ideas

Wall Street's Most Accurate Analysts Say Buy These 3 Utilities Stocks With Over 3% Dividend Yields

<p>Mizuho  analyst Anthony Crowdell   maintains PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Neutral and raises the price target from $27 to $28.</p>


Mizuho Maintains Neutral on PPL, Raises Price Target to $28

<p><strong>PPL Corporation&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) shares are trading higher after first-quarter FY24 operating revenue growth of $2.304 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38546761/ppl-corporation-reports-first-quarter-2024-earnings" rel="noreferrer noopener">beating&nbsp;the consensus of $2.062 billion</a>.</p>
<p>Electricity sales rose by 4.4% Y/Y, with the PA Regulated segment up 2.0% Y/Y and the KY Regulated segment increased by 7.6% Y/Y.</p>
<p>Operating income increased to $545 million from $498 million in the prior year quarter.&nbsp; Adjusted EPS was $0.54, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $0.50</a>.</p>
<p>PPL's&nbsp;net cash provided by operating activities in the&nbsp;quarter,&nbsp;totaled $282 million, versus $430 million a year ago.</p>
<p>President and Chief Executive Officer Vincent Sorgi said,&nbsp;&#8220;We are on track to complete more than&nbsp;$3 billion&nbsp;in infrastructure improvements this year — part of more than&nbsp;$14.3 billion&nbsp;planned through 2027 — to modernize the grid, strengthen grid resilience against more powerful and frequent severe weather, and advance a safe, reliable, affordable and sustainable energy future for our customers and communities.&#8221;</p>
<p><strong>Outlook Reiterated:</strong>&nbsp;PPL expects EPS of $1.63 to $1.75 in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37183391/dividend-spark-long-term-glow-ppl-outshines-q4-estimates" rel="noreferrer noopener">FY24&nbsp;versus the $1.70 consensus</a>.&nbsp;</p>
<p>The company continues to project an adjusted EPS and dividend growth target of 6% to 8%<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;annually through at least 2027.</a></p>
<p>PPL reaffirmed annual operation and maintenance savings of at least $175 million by 2026, with $120 million-$130 million of&nbsp;annual&nbsp;savings planned by the end of 2024 from the&nbsp;2021 baseline.</p>
<p>&nbsp;Investors can gain exposure to the stock via&nbsp;<strong>First Trust EIP Carbon Impact ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECLN#NYSE">ECLN</a>) and&nbsp;<strong>First Trust North American Energy Infrastructure Fund&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMLP#NYSE">EMLP</a>).</p>
<p><strong>Price Action:</strong> PPL shares are trading higher by 2.09% at $28.04 at the last check Friday.</p>
<p><em>Photo via Shutterstock</em></p>


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