PPL Corp (NYSE: PPL) Loses -3.97% From High. Why That Could Change?

Currently, there are 737.13M common shares owned by the public and among those 735.64M shares have been available to trade.

The company’s stock has a 5-day price change of -1.99% and 6.05% over the past three months. PPL shares are trading 18.30% year to date (YTD), with the 12-month market performance up to 27.83% higher. It has a 12-month low price of $24.78 and touched a high of $33.38 over the same period. PPL has an average intraday trading volume of 4.75 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 -0.79%, -0.84%, and 10.44% respectively.

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Institutional ownership of PPL Corp (NYSE: PPL) shares accounts for 77.44% of the company’s 737.13M shares outstanding.

It has a market capitalization of $22.93B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 28.83, while the earnings-per-share (ttm) stands at $1.11. The company has a PEG of 4.23 and a Quick Ratio of 1.07 with the debt-to-equity ratio at 1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.12% over the week and 1.54% over the month.

Earnings per share for the fiscal year are expected to increase by 6.98%, and 6.69% over the next financial year. EPS should grow at an annualized rate of 6.82% 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. JP Morgan stated their Overweight rating for the stock in a research note on October 25, 2024, with the firm’s price target at $37. Jefferies coverage for the PPL Corp (PPL) stock in a research note released on September 20, 2024 offered a Buy rating with a price target of $38. Argus was of a view on March 08, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on October 04, 2023, issuing a price target of $29- $25. Barclays on their part issued Equal Weight rating on August 23, 2023.

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