What Technical Indicators Show About PPL (PPL)?

PPL Corporation (NYSE:PPL) finished Tuesday with an addition of $0.29 to close at $28.55, an upside of 1.03 percent. An average of 5,784,800 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week. The last 20 days have seen an average of 5,183,705 shares traded, while the 50-day average volume stands at 4,881,798.

PPL stock has decreased by -5.18% in the last month. The company shares reached their 1-month lowest point of $27.84 on 10/01/21. With the stock rallying to its 52-week high on 09/08/21, shares of the company touched a low of $26.15 and a high of $30.81 in 52 weeks. In spite of this, the price is down -7.32% from the 52-week high.


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Insider Transactions

227 days have passed since PPL Corporation (PPL) last reported insider trading activity. Raphael Joanne H, who is EVP, GC & Corp Sec, most recently acquired $19,188 shares at $27.48 per share on Feb 22. In this transaction, the insider spent $527,360. President of a PPL Subsidiary, Dudkin Gregory N, disposed of 19,789 shares at a price of $27.78 on Feb 19. The insider now owns more than $549,738 worth of shares. Prior to that, EVP, GC & Corp Sec Raphael Joanne H went on to Sale 4,589 shares at $28.12 each on Jan 26. An amount of $129,043 was transacted.

Valuation Metrics

PPL Corporation (PPL) has a trailing price-to-earnings (P/E) ratio of 92.69, which compares with the 17.20 for the broader industry and 23.39 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, PPL Corporation’s PE ratio has ranged between 19.68 and 7.844. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.32, the price-to-book (PB) ratio at 1.47.

PPL Corporation pays a $1.66 dividend per share annually. It offers a dividend yield of 5.81%. The company’s most recent quarterly dividend payment took place on Oct. 1, and it was $0.4150 a share, without any change from last year. Its dividend has been increased for the last 22 consecutive years with the latest increase dividend $0.0025 reported on Tuesday February 18 2020. Dividends have grown by 5.06% each year over the last three years.

PPL Corporation will next go ex-dividend on 9-Dec. The next dividend payment PPL Corporation will make is expected to be $0.415.

The quick ratio of PPL Corporation for the three months ended June 29 was 2.10, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.89 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 90.00% against a 5-year average of 56.1%. PPL Corporation’s EBITDA margin for the year ending June 29 is 55.20%, while its operating margin for the same period stands at 31.50%. Its gross profit as reported stood at $2.8 billion compared to revenue of $7.61 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PPL Corporation’s return on assets was -2.80%, compared to 3.8% over the last five years. In the past year, the return on investment has been 7.90%, and the 5-year average is 7.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been -9.30% and the 5-year average holds at 14.3%. For the broader industry, ROE averaged 9.87 over the past year.

Earnings Surprise

The analyst consensus anticipated PPL Corporation’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.19, a -20.80% surprise. For the quarter, EBITDA amounted to $568.0 million. Shareholders own equity worth $769.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PPL Corporation (PPL) price momentum. RSI 9-day as of the close on 05 October was 49.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.08%.

As of today, PPL’s price is $28.19 +0.28% or $0.08 from its 5-day moving average. PPL is currently trading -6.27% lower than its 20-day SMA and -2.43% lower than its 100-day SMA. However, the stock’s current price level is -0.66% below the SMA50 and +5.94% above the SMA200.

The stochastic %K and %D were 34.70% and 21.25%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 54.62% and the average true range at 0.45, the RSI (14) stands at 46.92%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.

Analyst Ratings

Wells Fargo upgraded PPL Corporation (NYSE: PPL) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal weight.The consensus rating for PPL Corporation (PPL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PPL, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.

What is PPL’s price target for the next 12 months?

Analysts predict a range of price targets between $30.00 and $34.00, with a median target of $31.50. Taking a look at these predictions, the average price target given by analysts for PPL Corporation (PPL) stock is $31.80.

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