The price of PPL Corp (NYSE:PPL) shares last traded on Wall Street rose 2.68% to $34.42.
PPL stock price is now -2.05% away from the 50-day moving average and 3.26% away from the 200-day moving average. The market capitalization of the company currently stands at $25.45B.
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 $1.28 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 0.36% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $27.24 and a high of $36.70. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 0.81, and a quick ratio of 0.68.
The net profit margin was 11.45% and return on equity was 7.00% for PPL. The company reported revenue of $2.5 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.68 percent.
