BMO Capital Initiates Coverage of PPL (LSE:0KEJ) with Outperform Recommendation

Fintel reports that on December 11, 2024, BMO Capital initiated coverage of PPL (LSE:0KEJ) with a Outperform recommendation.

Analyst Price Forecast Suggests 8.17% Upside

As of December 3, 2024, the average one-year price target for PPL is 35.99 GBX/share. The forecasts range from a low of 31.43 GBX to a high of 41.10 GBX. The average price target represents an increase of 8.17% from its latest reported closing price of 33.27 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for PPL is 7,741MM, a decrease of 6.53%. The projected annual non-GAAP EPS is 1.73.

What is the Fund Sentiment?

There are 1,505 funds or institutions reporting positions in PPL. This is an increase of 40 owner(s) or 2.73% in the last quarter. Average portfolio weight of all funds dedicated to 0KEJ is 0.27%, an increase of 1.40%. Total shares owned by institutions increased in the last three months by 2.75% to 699,244K shares.

What are Other Shareholders Doing?

GB:0KEJ / PPL Corporation Shares Held by Institutions

Wellington Management Group Llp holds 35,089K shares representing 4.75% ownership of the company. In its prior filing, the firm reported owning 33,039K shares , representing an increase of 5.84%. The firm decreased its portfolio allocation in 0KEJ by 82.52% over the last quarter.

Franklin Resources holds 34,759K shares representing 4.71% ownership of the company. In its prior filing, the firm reported owning 31,028K shares , representing an increase of 10.74%. The firm decreased its portfolio allocation in 0KEJ by 79.19% over the last quarter.

Invesco holds 24,085K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 24,680K shares , representing a decrease of 2.47%. The firm decreased its portfolio allocation in 0KEJ by 90.83% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 22,171K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 23,187K shares , representing a decrease of 4.58%. The firm increased its portfolio allocation in 0KEJ by 7.45% over the last quarter.

VEIPX - Vanguard Equity Income Fund Investor Shares holds 21,126K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 20,018K shares , representing an increase of 5.24%. The firm increased its portfolio allocation in 0KEJ by 18.09% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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