The stock of PPL Corporation (NYSE:PPL) last traded at $27.57, down -2.03% from the previous session.
Data from the available sources indicates that PPL Corporation (NYSE:PPL) is covered by 14 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $28.00, we find $32.00. Given the previous closing price of $28.14, this indicates a potential upside of 13.72 percent. PPL stock price is now -1.19% away from the 50-day moving average and -2.49% away from the 200-day moving average. The market capitalization of the company currently stands at $20.28B.
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In total, 5 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $31.73 as their price target over the next twelve months.
With the price target maintained at $32, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for PPL Corporation (NYSE: PPL). On October 06, 2022, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $28.50, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Crockett John R III, President of a PPL Subsidiary sold 5,500 shares of the company’s stock on Apr 05. The stock was sold for $154,000 at an average price of $28.00. Upon completion of the transaction, the President of a PPL Subsidiary now directly owns 9,161 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 24, President of a PPL Subsidiary Bonenberger David J sold 719 shares of the business’s stock. A total of $18,787 was realized by selling the stock at an average price of $26.13. This leaves the insider owning 34,606 shares of the company worth $0.95 million. Insiders disposed of 196,225 shares of company stock worth roughly $5.41 million over the past 1 year. A total of 0.05% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PPL stock. A new stake in PPL Corporation shares was purchased by BROOKFIELD CORP /ON/ during the first quarter worth $117,868,000. ZIMMER PARTNERS, LP invested $96,495,000 in shares of PPL during the first quarter. In the first quarter, MIZUHO MARKETS CAYMAN LP acquired a new stake in PPL Corporation valued at approximately $64,376,000. TEILINGER CAPITAL LTD. acquired a new stake in PPL for approximately $33,933,000. CLEARBRIDGE INVESTMENTS, LLC purchased a new stake in PPL valued at around $18,876,000 in the second quarter. In total, there are 1,068 active investors with 72.80% ownership of the company’s stock.
With an opening price of $28.16 on Tuesday morning, PPL Corporation (NYSE: PPL) set off the trading day. During the past 12 months, PPL Corporation has had a low of $23.47 and a high of $31.74. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 1.20, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $35.20B, which is based on a 27.99 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for PPL is $27.90 and a two-hundred day moving average price translates $28.27 for the stock.
The latest earnings results from PPL Corporation (NYSE: PPL) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.46 by 0.02. This compares to $0.37 EPS in the same period last year. The net profit margin was 9.00% and return on equity was 5.50% for PPL. The company reported revenue of $2.42 billion for the quarter, compared to $1.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.52 percent. For the current quarter, analysts expect PPL to generate $1.34B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/03/2023. Investors who held shares on 03/10/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 3.48% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, PPL is presently at 83.90%.
PPL Corporation(PPL) Company Profile
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company serves customers in Louisville and adjacent areas in Kentucky; electric customers in central, southeastern, and western Kentucky; and electric customers in five counties in southwestern Virginia. It also delivers electricity to customers in 29 counties within eastern and central Pennsylvania; and generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
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