Stocks of PPL Corp (NYSE:PPL) traded higher last session on Wall Street, down -0.27% to $26.24.
According to the data, PPL Corp (NYSE:PPL) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. 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 $29.00. Given the previous closing price of $26.31, this indicates a potential upside of 10.22 percent. PPL stock price is now 6.50% away from the 50-day moving average and -0.79% away from the 200-day moving average. The market capitalization of the company currently stands at $19.34B.
A total of 4 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $28.18 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, Henninger Tadd J, SVP-Finance and Treasurer sold 13,330 shares of the company’s stock on Nov 16. The stock was sold for $346,447 at an average price of $25.99. Upon completion of the transaction, the SVP-Finance and Treasurer now directly owns 4,784 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 05, President of a PPL Subsidiary Crockett John R III sold 5,500 shares of the business’s stock. A total of $154,000 was realized by selling the stock at an average price of $28.00. This leaves the insider owning 9,161 shares of the company worth $0.24 million. Insiders disposed of 121,145 shares of company stock worth roughly $3.18 million over the past 1 year. A total of 0.26% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $26.42 for PPL Corp (NYSE: PPL). 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 $33.85B, which is based on a 25.01 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for PPL is $24.64 and a two-hundred day moving average price translates $26.45 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 $0.43, beating analysts’ expectations of $0.42 by 0.01. 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 $1.72B 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.
