In the last trading session, 3.0 million shares of the PPL Corp (NYSE:PPL) were traded, and its beta was 0.83. Most recently the company’s share price was $32.43, and it changed around -$0.44 or -1.34% from the last close, which brings the market valuation of the company to $23.93B. PPL currently trades at a discount to its 52-week high of $33.38, offering almost -2.93% off that amount. The share price’s 52-week low was $23.99, which indicates that the current value has risen by an impressive 26.03% since then. We note from PPL Corp’s average daily trading volume that its 10-day average is 2.96 million shares, with the 3-month average coming to 4.80 million.
PPL Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.84. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 12 recommended PPL as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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PPL Corp (NYSE:PPL) trade information
Instantly PPL has showed a red trend with a performance of -1.34% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.20 on recent trading dayincreased the stock’s daily price by 2.32%. The company’s shares are currently up 19.67% year-to-date, but still down -0.70% over the last five days. On the other hand, PPL Corp (NYSE:PPL) is -0.52% down in the 30-day period. We can see from the shorts that 15.76 million shares have been sold at a short interest cover period of 3.31 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to decrease their stock price by -1.34% from its current value. Analyst projections state that PPL is forecast to be at a low of $28.5 and a high of $39.
PPL Corp (PPL) estimates and forecasts
PPL Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.02 percent over the past six months and at a 7.50% annual growth rate that is well above the industry average of 4.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.22%. PPL Corp earnings are expected to increase by 7.01% in 2024, but the outlook is positive 6.82% per year for the next five years.
PPL Dividends
PPL Corp’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 3.12 percent and its annual dividend per share was 1.01. It is important to note, however, that the 3.12% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.73 per year.
PPL Corp (NYSE:PPL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.09% of PPL Corp shares, and 78.47% of them are in the hands of institutional investors. The stock currently has a share float of 78.54%. PPL Corp stock is held by 1069.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.6435% of the shares, which is about 93.25 million shares worth $2.58 billion.
BLACKROCK INC., with 7.9582% or 58.69 million shares worth $1.62 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
