PPL Co. (NYSE:PPL – Get Free Report) COO David J. Bonenberger sold 981 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $32,843.88. Following the transaction, the chief operating officer now directly owns 45,414 shares in the company, valued at approximately $1,520,460.72. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PPL Stock Performance
NYSE:PPL opened at $33.48 on Friday. The firm’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $32.17. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. PPL Co. has a twelve month low of $25.35 and a twelve month high of $35.15. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.64 and a beta of 0.83.
PPL (NYSE:PPL – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. PPL had a return on equity of 9.20% and a net margin of 9.95%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that PPL Co. will post 1.72 earnings per share for the current fiscal year.
PPL Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Citigroup upped their target price on PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Barclays dropped their price objective on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. assumed coverage on shares of PPL in a research report on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Finally, BMO Capital Markets assumed coverage on shares of PPL in a research note on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.
Check Out Our Latest Research Report on PPL
Institutional Trading of PPL
Several large investors have recently bought and sold shares of the company. Fortitude Family Office LLC lifted its position in shares of PPL by 195.5% during the third quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 516 shares in the last quarter. Kentucky Trust Co purchased a new stake in PPL during the 4th quarter worth $32,000. Ashton Thomas Securities LLC acquired a new position in PPL in the 3rd quarter worth $34,000. Rosenberg Matthew Hamilton lifted its holdings in PPL by 1,092.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,114 shares in the last quarter. Finally, Newton One Investments LLC purchased a new position in PPL in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 76.99% of the company’s stock.
PPL Company Profile
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.
Featured Stories
- Five stocks we like better than PPL
- Upcoming IPO Stock Lockup Period, Explained
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to Find Undervalued Stocks
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Energy and Oil Stocks Explained
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.