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PPL Corp stock reached a significant milestone, hitting a 52-week high at 37.4 USD, with a market capitalization of $27.47 billion. InvestingPro analysis shows the utility giant maintains an impressive track record of 55 consecutive years of dividend payments, currently yielding 2.93%. This marks a notable achievement for the company, reflecting a positive trend over the past year. The stock has delivered a robust 20.3% total return over the last 12 months, with year-to-date gains of 17.2%. According to InvestingPro data, analysts have set price targets ranging from $34 to $43, suggesting continued optimism. While the stock trades at a P/E ratio of 27.85, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, providing deeper analysis of PPL’s valuation and growth prospects.
In other recent news, PPL Corporation announced a quarterly dividend of $0.2725 per share, payable on October 1, 2025, to shareholders of record as of September 10, 2025. Additionally, PPL Corporation’s subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities Company, issued $700 million each in First Mortgage Bonds due 2055, with an interest rate of 5.850%. These bonds are secured by liens on substantial assets in Kentucky related to electricity and natural gas operations. Furthermore, PPL Corp received an Outperform rating from Evercore ISI, which set a price target of $43.00. Evercore ISI highlighted PPL’s potential benefits from energy infrastructure developments in the PJM Interconnection region. BMO Capital also reiterated its Outperform rating with a $40.00 price target, citing positive long-term opportunities after discussions with PPL’s leadership. These developments indicate significant financial activities and analyst confidence in PPL Corp’s future prospects.
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