PPL Corp (PPL) concluded trading on Wednesday at a closing price of $26.89, with 4.4 million shares of worth about $118.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.62% during that period and on Wednesday the price saw a gain of about 1.70%. Currently the company’s common shares owned by public are about 737.13M shares, out of which, 735.67M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 6 times over the past 12 months. They bought 14,392 shares in 2 of the transactions. In 4 selling transactions, insiders dumped 25,082 shares.
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Stock saw a price change of 3.22% in past 5 days and over the past one month there was a price change of 4.18%. Year-to-date (YTD), PPL shares are showing a performance of -0.77% which decreased to -6.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.20 but also hit the highest price of $29.03 during that period. The average intraday trading volume for PPL Corp shares is 5.87 million. The stock is currently trading 3.39% above its 20-day simple moving average (SMA20), while that difference is up 1.35% for SMA50 and it goes to 3.26% higher than SMA200.
PPL Corp (NYSE: PPL) currently have 737.13M outstanding shares and institutions hold larger chunk of about 78.64% of that.
The stock has a current market capitalization of $19.83B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 26.86, while it has posted earnings per share of $1.00 in the same period. Its PEG reads 1.56 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PPL, volatility over the week remained 1.59% while standing at 1.62% over the month.
Analysts are in expectations that PPL Corp (PPL) stock would likely to be making an EPS of $0.49 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $1.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.47 which is $0.51 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.64% while it is estimated to increase by 6.93% in next year. EPS is likely to grow at an annualized rate of 17.21% for next 5-years, compared to annual growth of -17.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on October 04, 2023 offering a Neutral rating for the stock and assigned a target price range of between $29 and $25 to it. Coverage by Barclays stated PPL Corp (PPL) stock as an Equal weight in their note to investors on August 23, 2023, suggesting a price target of $26 for the stock. On December 15, 2022, Morgan Stanley Upgrade their recommendations, while on October 06, 2022, Seaport Research Partners Upgrade their ratings for the stock with a price target of $28.50. Stock get a Buy rating from BofA Securities on August 15, 2022.
