PPL Corp (NYSE:PPL) finished Thursday with a subtraction of -$0.56 to close at $23.38, a downside of -2.34 percent. An average of 4,866,800 shares of common stock have been traded in the last five days. There was a fall of -$1.87 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 4,964,860 shares traded, while the 50-day average volume stands at 4,789,576.
PPL stock has decreased by -7.48% in the last month. The company shares reached their 1-month lowest point of $23.34 on 09/28/23. With the stock rallying to its 52-week high on 01/11/23, shares of the company touched a low of $23.47 and a high of $31.74 in 52 weeks. It has reached a new high 4 times so far this year and lost -19.99% or -$5.84 in price. In spite of this, the price is down -26.34% from the 52-week high.
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Insider Transactions
PPL stock investors should be aware that PPL Corp (PPL) stock had its last reported insider trading activity 177 days ago on Apr 05. In this transaction, the insider spent $154,000. President of a PPL Subsidiary, Bonenberger David J, disposed of 719 shares at a price of $26.13 on Jan 24. The insider now owns more than $18,787 worth of shares. Prior to that, President of a PPL Subsidiary Bonenberger David J went on to Sale 29,080 shares at $30.00 each on Jan 04. An amount of $872,400 was transacted.
Valuation Metrics
PPL Corp (PPL) has a trailing price-to-earnings (P/E) ratio of 24.02. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.99, the price-to-book (PB) ratio at 1.23.
The company has a payout ratio of 90.43%. The company’s most recent quarterly dividend payment was $0.24 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Friday February 17 2023.
Financial Health
The quick ratio of PPL Corp for the recent quarter was 0.90, and the current ratio was 1.09, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 1.06 for the recent quarter. PPL Corp’s EBITDA margin is 33.31%, while its operating margin for the same period stands at 17.65%. Its gross profit as reported stood at $1.37 billion compared to revenue of $7.9 billion.
Earnings Surprise
For the recent quarter, PPL Corp had $14.48 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $112.0 million in the quarter, while revenues were shrunk -6.25%. Shareholders own equity worth $737.09 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PPL Corp (PPL) price momentum. RSI 9-day as of the close on 28 September was 17.66%, suggesting the stock is oversold, with historical volatility in this time frame at 15.04%.
As of today, PPL’s price is $24.34 -7.41% or -$1.87 from its 5-day moving average. PPL is currently trading -7.33% lower than its 20-day SMA and -18.68% lower than its 100-day SMA. However, the stock’s current price level is -13.41% below the SMA50 and -19.24% below the SMA200.
The stochastic %K and %D were 2.72% and 18.99%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 1.56% and the average true range at 0.44, the RSI (14) stands at 23.99%. The stock has reached -1.01 on the 9-day MACD Oscillator while the 14-day reading was at -1.18.
Analyst Ratings
Barclays launched coverage on PPL Corp (NYSE: PPL) in its analyst report released on August 23, 2023. The firm assigned the stock an Equal weight rating. The consensus rating for PPL Corp (PPL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PPL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 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 $26.00 and $32.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for PPL Corp (PPL) stock is $29.92.
