An overview of PPL Corp’s (PPL) institutional holdings

The price of PPL Corp (NYSE:PPL) shares last traded on Wall Street rose 3.10% to $25.93.

As we calculate the median target price by taking the range between a high of $30.00 and a low of $25.00, we find $28.00. Given the previous closing price of $25.15, this indicates a potential upside of 11.33 percent. PPL stock price is now 6.08% away from the 50-day moving average and -2.70% away from the 200-day moving average. The market capitalization of the company currently stands at $19.11B.

Brokers who have rated the stock have averaged $27.91 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 $0.24 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 $0.9 million. Insiders disposed of 121,145 shares of company stock worth roughly $3.14 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.

A candlestick chart of PPL Corp (NYSE: PPL) showed a price of $25.22 on Tuesday morning. 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 0.96, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $33.05B, which is based on a 24.72 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for PPL is $24.44 and a two-hundred day moving average price translates $26.65 for the stock.

The latest earnings results from PPL Corp (NYSE: PPL) was released for Sep, 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 $0.24 EPS in the same period last year. The net profit margin was 9.03% and return on equity was 5.55% for PPL. The company reported revenue of $2.04 billion for the quarter, compared to $2.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.26 percent. For the current quarter, analysts expect PPL to generate $1.74B in revenue.

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.

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