The price of PPL Corp (NYSE:PPL) shares last traded on Wall Street rose 3.30% to $33.17.
PPL stock price is now 0.45% away from the 50-day moving average and 8.27% away from the 200-day moving average. The market capitalization of the company currently stands at $24.48B.
With the price target of $36, BMO Capital Markets recently initiated with Outperform rating for PPL Corp (NYSE: PPL). On October 25, 2024, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $37, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Henninger Tadd J, SVP-Finance and Treasurer sold 6,639 shares of the company’s stock on Dec 17 ’24. The stock was sold for $213,510 at an average price of $32.16. Upon completion of the transaction, the SVP-Finance and Treasurer now directly owns 11,210 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Officer Henninger Tadd J bought 6,639 shares of the business’s stock. A total of $213,510 was incurred on buying the stock at an average price of $32.16. A total of 0.08% 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 $35.15. 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 $40498466816, which is based on a 29.83 price-to-earnings ratio, a 4.14 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for PPL is $33.02 and a two-hundred day moving average price translates $30.63515 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.
