The closing price of PPL Corporation (NYSE: PPL) was $28.22 for the day, up 0.46% from the previous closing price of $28.09. In other words, the price has increased by $+0.13 from its previous closing price. On the day, 3819926 shares were traded. PPL stock price reached its highest trading level at $28.34 during the session, while it also had its lowest trading level at $28.01.
Our analysis of PPL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.93.
Upgrades & Downgrades
On August 15, 2022, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $29 to $33.
Evercore ISI Upgraded its In-line to Outperform on July 07, 2022, while the target price for the stock was maintained at $30.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 26 when Bergstein Joseph P Jr sold 20,645 shares for $30.41 per share. The transaction valued at 627,814 led to the insider holds 31,469 shares of the business.
Sorgi Vincent sold 27,600 shares of PPL for $828,000 on Aug 12. The President and CEO now owns 111,462 shares after completing the transaction at $30.00 per share. On Jul 29, another insider, Sorgi Vincent, who serves as the President and CEO of the company, sold 27,553 shares for $29.00 each. As a result, the insider received 799,037 and left with 111,462 shares of the company.
As of this moment, PPL’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.43, and their Forward P/E ratio for the next fiscal year is 17.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 1.50.
Stock Price History:
Over the past 52 weeks, PPL has reached a high of $30.99, while it has fallen to a 52-week low of $23.47. The 50-Day Moving Average of the stock is 26.75, while the 200-Day Moving Average is calculated to be 27.95.
PPL traded an average of 4.69M shares per day over the past three months and 4.32M shares per day over the past ten days. A total of 736.25M shares are outstanding, with a floating share count of 735.50M. Insiders hold about 0.11% of the company’s shares, while institutions hold 72.90% stake in the company. Shares short for PPL as of Oct 13, 2022 were 11.14M with a Short Ratio of 10.18M, compared to 10.57M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.51% and a Short% of Float of 1.72%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.66, PPL has a forward annual dividend rate of 0.90. Against a Trailing Annual Dividend Yield of 5.91%, it implies a Forward Annual Dividend Yield of 3.50%. The stock’s 5-year Average Dividend Yield is 5.47. The current Payout Ratio is 132.20% for PPL, which recently paid a dividend on Jan 02, 2023 with an ex-dividend date of Sep 07, 2022. Stock splits for the company last occurred on Jun 01, 2015 when the company split stock in a 10000:9314 ratio.
The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.39, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.28, with high estimates of $0.33 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.5 and $1.36 for the fiscal current year, implying an average EPS of $1.41. EPS for the following year is $1.61, with 14 analysts recommending between $1.77 and $1.56.
A total of 10 analysts have provided revenue estimates for PPL’s current fiscal year. The highest revenue estimate was $7.66B, while the lowest revenue estimate was $6.54B, resulting in an average revenue estimate of $7.12B. In the same quarter a year ago, actual revenue was $5.78B, up 23.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $7.6B in the next fiscal year. The high estimate is $8.2B and the low estimate is $6.71B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.