The price of PPL Corp (NYSE:PPL) shares last traded on Wall Street fell -0.25% to $23.76.
Based on available information, 14 analysts follow PPL Corp (NYSE:PPL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $26.00, we find $29.00. Given the previous closing price of $23.82, this indicates a potential upside of 21.75 percent. PPL stock price is now -3.70% away from the 50-day moving average and -11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $17.51B.
Among analysts, 4 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $29.00 as their price target over the next twelve months.
With the price target reduced from $29 to $25, UBS Downgraded its rating from Buy to Neutral for PPL Corp (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 $0.22 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 $0.82 million. Insiders disposed of 121,145 shares of company stock worth roughly $2.88 million over the past 1 year. A total of 0.18% 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 Corp shares was purchased by SCOUT INVESTMENTS, INC. during the first quarter worth $53,552,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $25,371,000 in shares of PPL during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in PPL Corp valued at approximately $8,424,000. SIT INVESTMENT ASSOCIATES INC acquired a new stake in PPL for approximately $7,664,000. PARALLAX VOLATILITY ADVISERS, L.P. purchased a new stake in PPL valued at around $5,315,000 in the second quarter. In total, there are 1,062 active investors with 73.77% ownership of the company’s stock.
During the past 12 months, PPL Corp has had a low of $22.20 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 1.09, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $32.00B, which is based on a 24.41 price-to-earnings ratio, a 1.42 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for PPL is $24.63 and a two-hundred day moving average price translates $26.95 for the stock.
The latest earnings results from PPL Corp (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 8.29% and return on equity was 5.16% 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 4.04% 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 90.43%.
PPL Corp(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.
