Opinions
Hap (Robert) Sneddon FCSI
PPL Corp
PPL-N
PAST TOP PICK
Jun 06, 2013
$29.400
Stock price when the opinion was issued
Utilities
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HOLD
This is a top 5 company in the pipeline group. Dividend stocks are getting hurt by the fear of rising interest rates. This is a great company with a good record of increasing dividends. This is just the wrong sector right now. He would still hold it for the long term for diversification. Yield 5.3%.
Utilities
TOP PICK
Stockchase Research Editor: Michael O'Reilly PPL is a regulated electricity service provider to residential and commercial customers in Pennsylvania and Kentucky. The company regularly pays out most of its cash flow to investors. The reopening of the economy post-pandemic means a pick up in demand in all sectors. The company has increased the dividend (which is backed by a payout ratio of under 70% of cash flow) for 9 consecutive years. We would buy this with a stop loss at $23, looking to achieve $34.50 -- upside potential over 23%. Yield 5.88% (Analysts’ price target is $34.27)
Utilities
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate PPL (a regulated electricity service provider to residential and commercial customers in Pennsylvania and Kentucky) as a TOP PICK. The company regularly pays out most of its cash flow to investors. As the post-pandemic economy gains traction, demand in all sectors is expected to return. We like how the company has increased cash reserves, while paying down debt and buying back shares. We recommend trailing up the stop (from $23) to $26, looking to achieve $36.50 -- upside potential over 26%. Yield 5.78% (Analysts’ price target is $36.40)
Utilities
PAST TOP PICK
(A Top Pick Dec 14/21, Down 9.5%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with PPL has triggered its stop at $26. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with our previous buy recommendation.
Utilities
(A Top Pick July 26/12. Up 7.14%.) Got out at around $31 to reduce the interest rate sensitivity in his portfolio. At some point you might not want to own utilities but thinks they are okay for the next couple of years.