PPL (NYSE:PPL) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

by · The Markets Daily

Shares of PPL Corporation (NYSE:PPLGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.08 and traded as high as $37.07. PPL shares last traded at $36.2920, with a volume of 9,384,026 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PPL. Morgan Stanley restated an “overweight” rating on shares of PPL in a research note on Wednesday, January 21st. UBS Group cut their target price on PPL from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their price target on PPL from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. BTIG Research upgraded shares of PPL to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Barclays reduced their price target on shares of PPL from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PPL presently has an average rating of “Buy” and an average price target of $40.50.

View Our Latest Stock Analysis on PPL

PPL Stock Down 0.2%

The firm has a fifty day moving average price of $35.30 and a 200-day moving average price of $36.09. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.53 and a beta of 0.70. The company has a quick ratio of 0.66, a current ratio of 0.77 and a debt-to-equity ratio of 1.18.

PPL (NYSE:PPLGet Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. PPL had a return on equity of 9.08% and a net margin of 12.16%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. As a group, sell-side analysts forecast that PPL Corporation will post 1.83 EPS for the current year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, December 10th. PPL’s dividend payout ratio is presently 73.65%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of PPL by 13.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 372,442 shares of the utilities provider’s stock valued at $12,622,000 after buying an additional 45,154 shares in the last quarter. Allstate Corp acquired a new stake in PPL in the third quarter valued at approximately $1,009,000. SG Americas Securities LLC grew its position in PPL by 1,161.0% in the second quarter. SG Americas Securities LLC now owns 242,851 shares of the utilities provider’s stock valued at $8,230,000 after acquiring an additional 223,593 shares in the last quarter. Roffman Miller Associates Inc. PA raised its stake in shares of PPL by 12.4% during the second quarter. Roffman Miller Associates Inc. PA now owns 298,908 shares of the utilities provider’s stock valued at $10,130,000 after purchasing an additional 32,945 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of PPL during the second quarter worth $84,000. 76.99% of the stock is owned by hedge funds and other institutional investors.

PPL Company Profile

(Get Free Report)

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.

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