PPL Corp (PPL) concluded trading on Wednesday at a closing price of $33.06, with 3.91 million shares of worth about $129.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.19% during that period and on October 02, 2024 the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 737.13M shares, out of which, 736.14M shares are available for trading.
Stock saw a price change of 0.98% in past 5 days and over the past one month there was a price change of 2.96%. Year-to-date (YTD), PPL shares are showing a performance of 21.99% which increased to 46.61% 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 $33.38 during that period. The average intraday trading volume for PPL Corp shares is 4.92 million. The stock is currently trading 1.91% above its 20-day simple moving average (SMA20), while that difference is up 5.19% for SMA50 and it goes to 16.45% higher than SMA200.
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PPL Corp (NYSE: PPL) currently have 737.13M outstanding shares and institutions hold larger chunk of about 77.17% of that.
The stock has a current market capitalization of $24.39B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 29.11, while it has posted earnings per share of $1.14 in the same period. Its PEG reads 4.28 and has Quick Ratio of 0.91 while making debt-to-equity ratio of 1.15. 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 1.19% while standing at 1.35% over the month.
Stock’s fiscal year EPS is expected to rise by 7.03% while it is estimated to increase by 6.67% in next year. EPS is likely to grow at an annualized rate of 6.80% 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 Jefferies on September 20, 2024 offering a Buy rating for the stock and assigned a target price of $38 to it. Coverage by Argus stated PPL Corp (PPL) stock as a Buy in their note to investors on March 08, 2024, suggesting a price target of $30 for the stock. On October 04, 2023, UBS Downgrade their recommendations, while on August 23, 2023, Barclays Initiated their ratings for the stock with a price target of $26. Stock get an Overweight rating from Morgan Stanley on December 15, 2022.
