PPL Corp (NYSE:PPL) shares traded -0.61% lower at $26.17 on Wall Street last session.
In accordance with the data, 13 analysts cover 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 $30.00 and a low of $25.00, we find $29.00. Given the previous closing price of $26.33, this indicates a potential upside of 10.14 percent. PPL stock price is now 4.78% away from the 50-day moving average and -0.54% away from the 200-day moving average. The market capitalization of the company currently stands at $19.29B.
It has been rated a hold by 4 analysts and a buy by 7. Brokers who have rated the stock have averaged $28.27 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 134,475 shares of company stock worth roughly $3.52 million over the past 1 year. A total of 0.25% of the company’s stock is owned by insiders.
PPL Corp (NYSE: PPL) opened at $26.40 on Tuesday. 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 $33.80B, which is based on a 24.95 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 $24.98 and a two-hundred day moving average price translates $26.31 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.
