Currently, there are 737.13M common shares owned by the public and among those 735.67M shares have been available to trade.
The company’s stock has a 5-day price change of 1.91% and 4.45% over the past three months. PPL shares are trading 0.55% year to date (YTD), with the 12-month market performance up to 2.52% higher. It has a 12-month low price of $22.20 and touched a high of $29.03 over the same period. PPL has an average intraday trading volume of 5.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.80%, 2.69%, and 5.02% respectively.
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Institutional ownership of PPL Corp (NYSE: PPL) shares accounts for 77.46% of the company’s 737.13M shares outstanding.
It has a market capitalization of $20.10B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 27.21, while the earnings-per-share (ttm) stands at $1.00. The company has a PEG of 1.58 and a Quick Ratio of 0.73 with the debt-to-equity ratio at 1.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 1.64% over the month.
Analysts forecast that PPL Corp (PPL) will achieve an EPS of $0.49 for the current quarter, $0.32 for the next quarter and $1.82 for 2025. The lowest estimate earnings-per-share for the quarter is $0.47 while analysts give the company a high EPS estimate of $0.51. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 6.59%, and 7.01% over the next financial year. EPS should grow at an annualized rate of 17.21% over the next five years, compared to -17.22% over the past 5-year period.
Looking at the support for the PPL, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on March 08, 2024, with the firm’s price target at $30. UBS coverage for the PPL Corp (PPL) stock in a research note released on October 04, 2023 offered a Neutral rating with a price target of $25. Barclays was of a view on August 23, 2023 that the stock is Equal Weight, while Morgan Stanley gave the stock Overweight rating on December 15, 2022, issuing a price target of $32. Seaport Research Partners on their part issued Buy rating on October 06, 2022.
