PPL Corp (NYSE: PPL) is 22.55% higher on its value in year-to-date trading and has touched a low of $25.35 and a high of $33.60 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 $33.49 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $33.21, the stock is 1.61% and 2.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.38 million and changing -0.84% at the moment leaves the stock 13.29% off its SMA200. PPL registered 29.02% gain for a year compared to 6-month gain of 12.16%. The firm has a 50-day simple moving average (SMA 50) of $32.4988 and a 200-day simple moving average (SMA200) of $29.3148.
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The stock witnessed a 1.81% loss in the last 1 month and extending the period to 3 months gives it a 6.54%, and is 2.69% 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 1.51% over the week and 1.67% over the month.
PPL Corp (PPL) has around 6629 employees, a market worth around $24.51B and $8.28B in sales. Current P/E ratio is 29.87 and Fwd P/E is 18.21. Profit margin for the company is 9.93%. Distance from 52-week low is 31.01% and -1.15% from its 52-week high. The company has generated returns on investments over the last 12 months (2.69%).
The EPS is expected to grow by 6.74% this year
1091.0 institutions hold shares in PPL Corp (PPL), with institutional investors hold 79.53% of the company’s shares. The shares outstanding are 737.13M, and float is at 735.85M with Short Float at 2.13%. Institutions hold 79.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 93.25 million shares valued at $2.58 billion. The investor’s holdings represent 12.6435 of the PPL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 58.69 million shares valued at $1.62 billion to account for 7.9582 of the shares outstanding. The other top investors are STATE STREET CORP which holds 34.74 million shares representing 4.7102 and valued at over $969.36 million, while WELLINGTON MANAGEMENT GROUP LLP holds 4.4798 of the shares totaling 33.04 million with a market value of $913.54 million.
PPL Corp (PPL) Insider Activity
The most recent transaction is an insider sale by Henninger Tadd J, the company’s SVP-Finance and Treasurer. SEC filings show that Henninger Tadd J sold 4,782 shares of the company’s common stock on Aug 29 ’24 at a price of $31.74 per share for a total of $0.15 million. Following the sale, the insider now owns 11209.0 shares.
Still, SEC filings show that on Nov 16 ’23, Henninger Tadd J (SVP-Finance and Treasurer) disposed off 13,330 shares at an average price of $25.99 for $0.35 million. The insider now directly holds 4,784 shares of PPL Corp (PPL).
