PPL Corp (NYSE:PPL) shares traded 0.29% higher at $30.92 on Wall Street last session.
PPL stock price is now 7.69% away from the 50-day moving average and 13.33% away from the 200-day moving average. The market capitalization of the company currently stands at $22.81B.
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With the price target maintained at $30, Argus recently Upgraded its rating from Hold to Buy for PPL Corp (NYSE: PPL). On October 04, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $25, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Henninger Tadd J, SVP-Finance and Treasurer sold 13,330 shares of the company’s stock on Nov 16 ’23. The stock was sold for $346,447 at an average price of $25.99. Upon completion of the transaction, the SVP-Finance and Treasurer now directly owns 4,784 shares in the company, valued at $0.15 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $22.20 and a high of $31.45. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.11, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $38735949824, which is based on a 27.23 price-to-earnings ratio, a 4.00 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for PPL is $28.7428 and a two-hundred day moving average price translates $27.3152 for the stock.
The latest earnings results from PPL Corp (NYSE: PPL) was released for 2024-06-30. The net profit margin was 10.16% and return on equity was 5.99% for PPL. The company reported revenue of $1.88 billion for the quarter, compared to $1.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.18 percent.
