In yesterday’s Wall Street session, PPL Corporation (NYSE:PPL) shares traded at $25.23, down -0.16% from the previous session.
15 analysts cover PPL Corporation (NYSE:PPL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $26.00, we find $30.50. Given the previous closing price of $25.27, this indicates a potential upside of 20.7 percent. PPL stock price is now -4.49% away from the 50-day moving average and -9.23% away from the 200-day moving average. The market capitalization of the company currently stands at $18.43B.
The stock has received a hold rating from 4 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $30.25 as their price target over the next twelve months.
With the price target of $26, Barclays recently initiated with Equal Weight rating for PPL Corporation (NYSE: PPL).
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 $0.23 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 $0.87 million. Insiders disposed of 118,755 shares of company stock worth roughly $3.0 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 SCOUT INVESTMENTS, INC. during the first quarter worth $56,866,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $26,941,000 in shares of PPL during the first quarter. In the first quarter, CAPITOLIS ADVISORS LLC acquired a new stake in PPL Corporation valued at approximately $16,400,000. MARSHALL WACE, LLP acquired a new stake in PPL for approximately $8,945,000. SIT INVESTMENT ASSOCIATES INC purchased a new stake in PPL valued at around $8,138,000 in the second quarter. In total, there are 1,062 active investors with 72.80% ownership of the company’s stock.
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 1.06, a current ratio of 1.10, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $33.09B, which is based on a 25.88 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for PPL is $26.39 and a two-hundred day moving average price translates $27.78 for the stock.
The latest earnings results from PPL Corporation (NYSE: PPL) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.32 by -0.03. This compares to $0.16 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 5.50% for PPL. The company reported revenue of $1.82 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.49 percent. For the current quarter, analysts expect PPL to generate $1.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/03/2023. Investors who held shares on 06/09/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 3.80% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, PPL is presently at 88.60%.
PPL Corporation(PPL) Company Profile
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
