PPL Corp (PPL) concluded trading on Wednesday at a closing price of $26.42, with 3.56 million shares of worth about $93.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.26% during that period and on April 17, 2024 the price saw a gain of about 1.58%. Currently the company’s common shares owned by public are about 737.13M shares, out of which, 735.67M shares are available for trading.
However, the stock later moved at a day high price of 26.95, or with a gain of 1.58%. Stock saw a price change of -1.86% in past 5 days and over the past one month there was a price change of -1.78%. Year-to-date (YTD), PPL shares are showing a performance of -2.51% which decreased to -8.01% 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 5.06 million. The stock is currently trading -2.36% below its 20-day simple moving average (SMA20), while that difference is down -1.06% for SMA50 and it goes to 1.59% higher than SMA200.
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PPL Corp (NYSE: PPL) currently have 737.13M outstanding shares and institutions hold larger chunk of about 77.44% of that.
The stock has a current market capitalization of $19.49B and its 3Y-monthly beta is at 0.84. PE ratio of stock for trailing 12 months is 26.39, while it has posted earnings per share of $1.00 in the same period. Its PEG reads 4.06 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 1.74% while standing at 1.46% over the month.
Stock’s fiscal year EPS is expected to rise by 6.44% while it is estimated to increase by 7.13% in next year. EPS is likely to grow at an annualized rate of 6.50% 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 Argus on March 08, 2024 offering a Buy rating for the stock and assigned a target price of $30 to it. Coverage by UBS stated PPL Corp (PPL) stock as a Neutral in their note to investors on October 04, 2023, suggesting a price target of $25 for the stock. On August 23, 2023, Barclays Initiated their recommendations, while on December 15, 2022, Morgan Stanley Upgrade their ratings for the stock with a price target of $32. Stock get a Buy rating from Seaport Research Partners on October 06, 2022.
