In yesterday’s Wall Street session, PPL Corp (NYSE:PPL) shares traded at $27.42, up 3.08% from the previous session.
PPL stock price is now 3.83% away from the 50-day moving average and 5.55% away from the 200-day moving average. The market capitalization of the company currently stands at $20.22B.
With the price target maintained at $30, Argus recently Upgraded its rating from Hold to Buy for PPL Corp (NYSE: PPL). On October 04, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $25, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Henninger Tadd J, SVP-Finance and Treasurer sold 13,330 shares of the company’s stock on Nov 16 ’23. 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 ’23, 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 $0.25 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $22.20 and a high of $29.03. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 0.88, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $35.50B, which is based on a 27.38 price-to-earnings ratio, a 4.21 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for PPL is $26.42 and a two-hundred day moving average price translates $25.98 for the stock.
The latest earnings results from PPL Corp (NYSE: PPL) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.4, beating analysts’ expectations of $0.38 by 0.02. This compares to $0.25 EPS in the same period last year. The net profit margin was 8.89% and return on equity was 5.31% for PPL. The company reported revenue of $2.03 billion for the quarter, compared to $2.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.31 percent. For the current quarter, analysts expect PPL to generate $2.07B in revenue.
