In Thursday’s Wall Street session, PPL Corp (NYSE:PPL) shares traded at $34.98, up 1.10% from the previous session.
PPL stock price is now 2.46% away from the 50-day moving average and 8.96% away from the 200-day moving average. The market capitalization of the company currently stands at $25.83B.
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, Martin Christine M, President of a PPL Subsidiary sold 1,146 shares of the company’s stock on Feb 28 ’25. The stock was sold for $39,858 at an average price of $34.78. Upon completion of the transaction, the President of a PPL Subsidiary now directly owns 37,167 shares in the company, valued at $1.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’25, Officer Martin Christine M bought 1,146 shares of the business’s stock. A total of $39,858 was incurred on buying the stock at an average price of $34.78. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $25.93 and a high of $35.91. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 0.86, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $42484527104, which is based on a 29.20 price-to-earnings ratio, a 3.86 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for PPL is $34.1396 and a two-hundred day moving average price translates $32.10315 for the stock.
The latest earnings results from PPL Corp (NYSE: PPL) was released for 2024-12-31. The net profit margin was 10.47% and return on equity was 6.33% for PPL. The company reported revenue of $2.21 billion for the quarter, compared to $2.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.86 percent.
