PPL Corporation (PPL) Stock: Should Investors Follow These Insider Trades?

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PPL Corporation (NYSE:PPL) saw an upside of 0.58% to close Tuesday at $29.49 after adding $0.17 on the day. The 5-day average trading volume is 3,636,700 shares of the company’s common stock. It has gained $30.63 in the past week and touched a new high 1 time within the past 5 days. An average of 4,792,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,612,844.

PPL’s 1-month performance is 0.31% or -$0.05 on its low of $24.89 reached on 01/24/23. The company’s shares have touched a 52-week low of $23.47 and high of $31.74, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, PPL has achieved 0.92% or $0.27 and has reached a new high 4 times. However, the current price is down -7.09% from the 52-week high price.

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Insider Transactions

PPL stock investors last saw insider trading activity on Jan 04.Bonenberger David J (President of a PPL Subsidiary) most recently sold 29,080 shares at $30.00 per share on Jan 04. This transaction cost the insider $872,400. President of a PPL Subsidiary, Raymond Stephanie R, sold 18,580 shares at a price of $29.31 on Jan 03. Then, on Aug 26, EVP and CFO Bergstein Joseph P Jr sold 20,645 shares at a price of $30.41 per share. This transaction amounted to $627,814.

Valuation Metrics

PPL stock has a beta of 0.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.04 while the price-to-book (PB) in the most recent quarter is 1.56.

PPL Corporation’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.93, while the total debt to equity was 0.99.. In terms of profitability, the gross margin trailing 12 months is 81.40%. The firm’s gross profit as reported stood at $1.42 billion against revenue of $5.78 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -18.97% to $174.0 million, while revenue of $119.0 million was 31.61% off the previous quarter. Analysts expected PPL to announce $0.42 per share in earnings in its latest quarter, but it posted $0.41, representing a -2.40% surprise. EBITDA for the quarter stood at more than $668.0 million. PPL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 23.49 billion, with total debt at $13.82 billion. Shareholders hold equity totaling $736.32 million.

Let’s look briefly at PPL Corporation (PPL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 45.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.53%.

The stock’s 5-day moving average is $29.40, reflecting a -3.60% or -$1.10 change from its current price. PPL is currently trading +1.06% above its 20-day SMA, +0.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.53% and SMA200 by+0.34%.

Stochastic %K and %D was 35.81% and 25.54% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 48.94%, while the 14-day stochastic is at 67.15% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at -0.59 and -0.56 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for PPL Corporation (NYSE: PPL), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for PPL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PPL as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $31.00 and a high of $34.00, with their median price target at $33.00. Looking at these predictions, the average price target given by analysts is for PPL Corporation (PPL) stock is $32.91.

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