The stock of PPL Corporation (NYSE:PPL) decreased by -$0.16 on Monday to finish at $26.02, down -0.61 percent. The last five days have seen an average of 4,286,160 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$3.20. The average number of shares traded over the last 20 days was 5,229,765, while the average volume over the last 50 days totaled 4,798,918.
PPL stock dropped -2.77% since last month. On 08/08/23, the company’s shares reached a one-month low of $25.76. The stock touched a high of $31.74 on 01/11/23, after rallying from a low of $23.47 in 52 weeks. The price of PPL stock has declined by -10.95% or -$3.20 this year, reaching a new high 4 times. Still, the stock price is down -18.02% from the 52-week high.
Insider Transactions
PPL stock investors should be aware that PPL Corporation (PPL) stock had its last reported insider trading activity 132 days ago on Apr 05. On Apr 05, President of a PPL Subsidiary Crockett John R III sold 5,500 shares at $28.00 each. This transaction resulted in the insider making $154,000. On Jan 24, Bonenberger David J sold 719 shares at a price of US$26.13. After the transaction, the insider now owns 34,606 shares. President of a PPL Subsidiary Bonenberger David J had earlier sold 29,080 shares on Jan 04 for $30.00 a share. The transaction was completed for $872,400.
Valuation Metrics
PPL Corporation (PPL) has a trailing price-to-earnings (P/E) ratio of 26.69. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.21, the price-to-book (PB) ratio of 1.37.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year. A $0.0150 dividend increase was reported on Friday February 17 2023.
Financial Health
For the three months ended June 29, PPL Corporation’s quick ratio was 0.90, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.04, and the total debt to equity ratio is 1.06. As far as profitability goes, gross margin for the trailing twelve months is 75.70% percent. PPL Corporation’s EBITDA margin for the year ended June 29 was 33.31%, whereas its operating margin stood at 17.10% for the same period. Based on annual data, it had gross profit of $1.37 billion and revenue of $7.9 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PPL’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.50%.
Earnings Surprise
According to PPL Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.82 billion, while revenues rose by 6.97% to $2.42 billion. It was predicted that PPL Corporation’s quarterly earnings would be $0.29, but it ended up being $0.32, beating the consensus by -9.40%. EBITDA was $640.0 million for the quarter. At the end of PPL Corporation’s most recent quarter ended June 29, its liabilities totaled 24.34 billion, while its total debt was $14.88 billion. Equity owned by shareholders amounts to $737.09 million.
Technical Picture
Here’s a quick look at PPL Corporation’s (PPL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.62%, suggesting the stock is Neutral, with a 15.58% historical volatility rate.
The stochastic %K and %D were 13.49% and 14.99% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 10.32%, the RSI (14) reading is 37.26%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.66.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on PPL Corporation (NYSE: PPL) to an Overweight. Prior to this, analysts firm rated the stock as an Equal-weight.
