As of Friday close, PPL Corporation’s (NYSE:PPL) stock was down -$0.55, moving down -2.07 percent to $26.08. The average number of shares traded per day over the past five days has been 5,905,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.38 fall in that time frame. In the last twenty days, the average volume was 5,260,160, while in the previous 50 days, it was 5,055,486.
Since last month, PPL stock retreated -1.81%. Shares of the company fell to $25.81 on 07/10/23, the lowest level in the past month. A 52-week high of $31.74 was reached on 01/11/23 after having rallying from a 52-week low of $23.47. Since the beginning of this year, PPL’s stock price has dropped by -10.75% or -$3.14, and marked a new high 4 times. However, the stock has declined by -17.83% since its 52-week high.
PPL stock investors should be aware that PPL Corporation (PPL) stock had its last reported insider trading activity 122 days ago on Apr 05. Crockett John R III, the President of a PPL Subsidiary of the company, disposed of 5,500 shares for $28.00 on Apr 05. It resulted in a $154,000 divestment by the insider. Bonenberger David J sold 719 shares at an average price of $26.13 on Jan 24. The insider now owns 34,606 shares following the transaction. On Jan 04, President of a PPL Subsidiary Bonenberger David J sold 29,080 shares at $30.00 apiece. The transaction was valued at $872,400.
Valuation Metrics
Right now, PPL Corporation (PPL) has a P/E ratio of about 26.48. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 1.37.
The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24. On Friday February 17 2023, a $0.0150 dividend increase was announced.
Financial Health
In the three months ended March 30, PPL Corporation’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.03, and the total debt-to-equity ratio was 1.04. On the profitability front, the trailing twelve-month gross margin is 75.80% percent. In the year ended March 30, EBITDA margin amounted to 33.31%, whereas operating margins totaled 16.60%. Based on annual data, PPL earned $1.37 billion in gross profit and brought in $7.9 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 5.50%.
In PPL Corporation’s quarter-end financial report for March 30, it reported total debt of $14.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PPL’s revenue rose 26.21% to $2.29 billion during the quarter, while net income inched up to $2.42 billion. While analysts expected PPL Corporation to report $0.46 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $828.0 million in EBITDA. The liabilities of PPL Corporation were 24.27 billion at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $737.07 million.
Technical Picture
This quick technical analysis looks at PPL Corporation’s (PPL) price momentum. With a historical volatility rate of 17.27%, the RSI 9-day stood at 28.74% on 04 August.
With respect to its five-day moving average, the current PPL Corporation price is down by -5.03% percent or -$1.38. At present, PPL shares trade -0.50% below its 20-day simple moving average and -2.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.61% below its SMA50 and +4.78% above its SMA200.
Stochastic coefficient K was 29.21% and Stochastic coefficient D was 45.37%, while ATR was 0.50. Given the Stochastic reading of 4.76% for the 14-day period, the RSI (14) reading has been calculated as 36.40%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -0.63.
Analyst Ratings
Morgan Stanley upgraded its rating on PPL Corporation (NYSE: PPL) to an Overweight in a note to investors on December 15, 2022. The analysts firm previously had an Equal-weight rating on the stock.PPL Corporation (PPL) has been rated Overweight by analysts. According to 0 brokerage firms, PPL is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PPL Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $28.00 – $33.00. Based on these forecasts, analysts predict PPL Corporation (PPL) will achieve an average price target of $31.00.
