PPL (NYSE:PPL) Share Price Passes Above 200-Day Moving Average – What’s Next?

PPL Corporation (NYSE:PPL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.49 and traded as high as $37.55. PPL shares last traded at $37.43, with a volume of 7,605,226 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on PPL shares. Morgan Stanley lowered their target price on PPL from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. UBS Group boosted their target price on PPL from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wall Street Zen cut PPL from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Bank of America boosted their price target on PPL from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of PPL in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

PPL Stock Up 0.3%

The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market cap of $27.68 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.74 and a beta of 0.66. The firm has a 50-day moving average of $36.58 and a two-hundred day moving average of $35.49.

PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). PPL had a return on equity of 8.81% and a net margin of 11.22%.The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $0.38 EPS. PPL’s revenue for the quarter was up 7.7% on a year-over-year basis. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, sell-side analysts predict that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, September 10th. PPL’s payout ratio is currently 81.34%.

Insider Transactions at PPL

In related news, COO David J. Bonenberger sold 2,165 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total transaction of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PPL

Large investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its position in PPL by 141.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Global Wealth Strategies & Associates bought a new stake in PPL during the 3rd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. grew its position in PPL by 94.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 397 shares during the last quarter. Ancora Advisors LLC grew its position in PPL by 8,350.0% during the 1st quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 835 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in PPL during the 1st quarter worth approximately $32,000. 76.99% of the stock is currently owned by institutional investors.

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.