In yesterday’s Wall Street session, PPL Corp (NYSE:PPL) shares traded at $33.47, up 2.26% from the previous session.
PPL stock price is now 1.26% away from the 50-day moving average and 8.31% away from the 200-day moving average. The market capitalization of the company currently stands at $24.70B.
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, Crockett John R III, President of a PPL Subsidiary sold 1,589 shares of the company’s stock on Jan 27 ’25. The stock was sold for $52,628 at an average price of $33.12. Upon completion of the transaction, the President of a PPL Subsidiary now directly owns 10,845 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28 ’25, SVP-Finance and Treasurer Henninger Tadd J sold 1,424 shares of the business’s stock. A total of $47,676 was realized by selling the stock at an average price of $33.48. This leaves the insider owning 11,259 shares of the company worth $0.38 million. 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 $40719855616, which is based on a 30.10 price-to-earnings ratio, a 4.34 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for PPL is $33.0478 and a two-hundred day moving average price translates $30.8669 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. For the current quarter, analysts expect PPL to generate $2.51B in revenue.
