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PPL Corp (PPL) Looks Ready for Growth Despite 1.40% Change This Year

PPL Corp (NYSE: PPL) is 1.40% higher on its value in year-to-date trading and has touched a low of $22.20 and a high of $29.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PPL stock was last observed hovering at around $27.50 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $27.48, the stock is 1.79% and 3.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.41 million and changing -0.07% at the moment leaves the stock 5.74% off its SMA200. PPL registered -0.25% loss for a year compared to 6-month gain of 16.64%. The firm has a 50-day simple moving average (SMA 50) of $4.28 and a 200-day simple moving average (SMA200) of $12.15.

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The stock witnessed a 5.13% loss in the last 1 month and extending the period to 3 months gives it a 1.40%, and is 1.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.63% over the week and 1.58% over the month.

PPL Corp (PPL) has around 6629 employees, a market worth around $20.27B and $8.31B in sales. Current P/E ratio is 27.44 and Fwd P/E is 15.06. Profit margin for the company is 8.89%. Distance from 52-week low is 23.78% and -5.36% from its 52-week high. The company has generated returns on investments over the last 12 months (2.58%).

PPL Corp quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $2.07B over the same period.The EPS is expected to grow by 6.54% this year, but quarterly earnings will post -2.90% year-over-year. Quarterly sales are estimated to grow 4.00% in year-over-year returns.

PPL Corp (PPL) Top Institutional Holders

1,030 institutions hold shares in PPL Corp (PPL), with institutional investors hold 78.34% of the company’s shares. The shares outstanding are 737.13M, and float is at 735.67M with Short Float at 2.50%. Institutions hold 78.27% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 94.6 million shares valued at $2.5 billion. The investor’s holdings represent 12.83% of the PPL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 69.47 million shares valued at $1.84 billion to account for 9.42% of the shares outstanding. The other top investors are State Street Corporation which holds 39.33 million shares representing 5.34% and valued at over $1.04 billion, while Geode Capital Management, LLC holds 2.11% of the shares totaling 15.52 million with a market value of $410.65 million.

PPL Corp (PPL) Insider Activity

The most recent transaction is an insider sale by Henninger Tadd J,the company’sSVP-Finance and Treasurer. SEC filings show that Henninger Tadd J sold 13,330 shares of the company’s common stock on Nov 16 ’23 at a price of $25.99 per share for a total of $0.35 million. Following the sale, the insider now owns 4784.0 shares.

PPL Corp disclosed in a document filed with the SEC on Apr 05 ’23 that Crockett John R III (President of a PPL Subsidiary) sold a total of 5,500 shares of the company’s common stock. The trade occurred on Apr 05 ’23 and was made at $28.00 per share for $0.15 million. Following the transaction, the insider now directly holds 9161.0 shares of the PPL stock.

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