PPL Corp (NYSE:PPL) shares traded -0.32% lower at $34.41 on Wall Street last session.
PPL stock price is now 4.34% away from the 50-day moving average and 10.07% away from the 200-day moving average. The market capitalization of the company currently stands at $25.39B.
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, Bonenberger David J, SVP & COO-Utilities of PPL Sub sold 17,178 shares of the company’s stock on Feb 03 ’25. The stock was sold for $573,402 at an average price of $33.38. Upon completion of the transaction, the SVP & COO-Utilities of PPL Sub now directly owns 45,414 shares in the company, valued at $1.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, SVP-Finance and Treasurer Henninger Tadd J sold 7,745 shares of the business’s stock. A total of $258,528 was realized by selling the stock at an average price of $33.38. This leaves the insider owning 11,259 shares of the company worth $0.39 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $25.60 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 $41494724608, which is based on a 30.95 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for PPL is $32.9892 and a two-hundred day moving average price translates $31.2245 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.
