Stocks of PPL Corp (NYSE:PPL) traded higher last session on Wall Street, up 0.38% to $34.27.
PPL stock price is now 4.97% away from the 50-day moving average and 16.27% away from the 200-day moving average. The market capitalization of the company currently stands at $25.29B.
With the price target of $37, JP Morgan recently initiated with Overweight rating for PPL Corp (NYSE: PPL). On September 20, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $38, while ‘Argus’ rates the stock as ‘Buy’
In other news, Henninger Tadd J, SVP-Finance and Treasurer sold 4,782 shares of the company’s stock on Aug 29 ’24. The stock was sold for $151,781 at an average price of $31.74. Upon completion of the transaction, the SVP-Finance and Treasurer now directly owns 11,209 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, Officer Henninger Tadd J bought 4,782 shares of the business’s stock. A total of $151,781 was incurred on buying the stock at an average price of $31.74. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $25.35 and a high of $34.16. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 1.29, and a quick ratio of 1.07. According to the stock market information, the enterprise value for the company is $41310232576, which is based on a 30.82 price-to-earnings ratio, a 4.46 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for PPL is $32.6486 and a two-hundred day moving average price translates $29.4757 for the stock.
The latest earnings results from PPL Corp (NYSE: PPL) was released for 2024-09-30. The net profit margin was 9.93% and return on equity was 5.85% for PPL. The company reported revenue of $2.07 billion for the quarter, compared to $2.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.13 percent.
