Market cap of PPL Corporation [PPL] reaches 22.23B – now what?


PPL Corporation [NYSE: PPL] traded at a high on 10/15/21, posting a 0.49 gain after which it closed the day’ session at $28.85. The company report on October 11, 2021 that PPL Corporation adds Heather B. Redman to Board of Directors.

PPL Corporation (NYSE: PPL) has announced that Heather B. Redman has joined the company’s Board of Directors effective. Redman is co-founder and managing partner of Flying Fish Partners, a venture capital firm investing in early stage artificial intelligence and machine learning startups, including energy-related applications. She will serve as a member of the Audit and Finance committees.

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“We’re thrilled to welcome Heather to PPL’s board,” said independent Board Chair Craig A. Rogerson. “Heather’s expertise in disruptive technologies, industry transformation, energy development and energy technology will be invaluable to PPL as we focus on driving innovation, creating next-generation energy networks and best positioning PPL for growth in the clean energy transition.”.

The results of the trading session contributed to over 4207103 shares changing hands. Over the past one week, the price volatility of PPL Corporation stands at 1.16% while the volatility over the past one month is 1.47%.

The market cap for PPL stock reached $22.23 billion, with 769.47 million shares outstanding and 768.80 million shares in the current float. Compared to the average trading volume of 4.61M shares, PPL reached a trading volume of 4207103 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about PPL Corporation [PPL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPL shares is $31.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for PPL Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 01, 2021. The new note on the price target was released on March 09, 2021, representing the official price target for PPL Corporation stock. Previously, the target price had yet another raise to $30, while BofA Securities analysts kept a Neutral rating on PPL stock.

The Average True Range (ATR) for PPL Corporation is set at 0.41, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 3.37. The Price to Book ratio for the last quarter was 1.48, with the Price to Cash per share for the same quarter was set at 9.90.

How has PPL stock performed recently?

PPL Corporation [PPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.73. With this latest performance, PPL shares dropped by -0.86% in over the last four-week period, additionally sinking by -0.10% over the last 6 months – not to mention a rise of 1.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PPL stock in for the last two-week period is set at 54.58, with the RSI for the last a single of trading hit 61.28, and the three-weeks RSI is set at 51.95 for PPL Corporation [PPL]. The present Moving Average for the last 50 days of trading for this stock 29.01, while it was recorded at 28.50 for the last single week of trading, and 28.58 for the last 200 days.

PPL Corporation [PPL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and PPL Corporation [PPL] shares currently have an operating margin of +37.11 and a Gross Margin at +41.15. PPL Corporation’s Net Margin is presently recorded at +19.30.

Return on Total Capital for PPL is now 7.59, given the latest momentum, and Return on Invested Capital for the company is 4.27. Return on Equity for this stock inclined to 11.14, with Return on Assets sitting at 3.13. When it comes to the capital structure of this company, PPL Corporation [PPL] has a Total Debt to Total Equity ratio set at 186.07. Additionally, PPL Total Debt to Total Capital is recorded at 65.04, with Total Debt to Total Assets ending up at 51.71. Long-Term Debt to Equity for the company is recorded at 161.69, with the Long-Term Debt to Total Capital now at 56.52.

Reflecting on the efficiency of the workforce at the company, PPL Corporation [PPL] managed to generate an average of $119,175 per employee. Receivables Turnover for the company is 5.69 with a Total Asset Turnover recorded at a value of 0.16.PPL Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.20.

Insider trade positions for PPL Corporation [PPL]

There are presently around $14,361 million, or 66.10% of PPL stock, in the hands of institutional investors. The top three institutional holders of PPL stocks are: VANGUARD GROUP INC with ownership of 88,014,973, which is approximately -1.835% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 64,235,705 shares of the stock with an approximate value of $1.85 billion in PPL stocks shares; and STATE STREET CORP, currently with $1.18 billion in PPL stock with ownership of nearly 0.744% of the company’s market capitalization.

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Positions in PPL Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 406 institutional holders increased their position in PPL Corporation [NYSE:PPL] by around 35,441,889 shares. Additionally, 335 investors decreased positions by around 54,148,873 shares, while 140 investors held positions by with 408,200,461 shares. The mentioned changes placed institutional holdings at 497,791,223 shares, according to the latest SEC report filing. PPL stock had 83 new institutional investments in for a total of 5,166,934 shares, while 77 institutional investors sold positions of 3,723,879 shares during the same period.