Market cap of PPL Corporation [PPL] reaches 21.33B – now what?

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PPL Corporation [NYSE: PPL] traded at a high on 05/03/22, posting a 0.21 gain after which it closed the day’ session at $28.17. The company report on April 29, 2022 that Kentucky company recognized for leadership and innovation.

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Global research and development organization recognizes LG&E and KU Energy.

LG&E and KU Energy was recently honored as the recipient of a Technology Transfer Award from the Electric Power Research Institute (EPRI) for its achievements in research and development.

The results of the trading session contributed to over 4963612 shares changing hands. Over the past one week, the price volatility of PPL Corporation stands at 2.11% while the volatility over the past one month is 1.82%.

The market cap for PPL stock reached $21.33 billion, with 745.26 million shares outstanding and 735.00 million shares in the current float. Compared to the average trading volume of 7.22M shares, PPL reached a trading volume of 4963612 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 $31.30 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 2.40. 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.

Credit Suisse have made an estimate for PPL Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for PPL Corporation stock. On March 09, 2022, analysts increased their price target for PPL shares from 28 to 30.

The Average True Range (ATR) for PPL Corporation is set at 0.55, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 4.72.

How has PPL stock performed recently?

PPL Corporation [PPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.69. With this latest performance, PPL shares dropped by -2.93% in over the last four-week period, additionally sinking by -3.86% over the last 6 months – not to mention a drop of -3.13% 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 42.51, with the RSI for the last a single of trading hit 35.19, and the three-weeks RSI is set at 46.15 for PPL Corporation [PPL]. The present Moving Average for the last 50 days of trading for this stock 27.80, while it was recorded at 28.53 for the last single week of trading, and 28.72 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 +24.62 and a Gross Margin at +28.20. PPL Corporation’s Net Margin is presently recorded at +0.31.

Return on Equity for this stock inclined to 0.13, with Return on Assets sitting at 0.04.

PPL Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.20.

Earnings analysis for PPL Corporation [PPL]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PPL Corporation go to 16.11%.

Insider trade positions for PPL Corporation [PPL]

There are presently around $13,690 million, or 67.30% of PPL stock, in the hands of institutional investors. The top three institutional holders of PPL stocks are: VANGUARD GROUP INC with ownership of 88,748,861, which is approximately -2.566% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 64,561,072 shares of the stock with an approximate value of $1.81 billion in PPL stocks shares; and STATE STREET CORP, currently with $1.15 billion in PPL stock with ownership of nearly -0.781% of the company’s market capitalization.

Positions in PPL Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 370 institutional holders increased their position in PPL Corporation [NYSE:PPL] by around 20,242,774 shares. Additionally, 418 investors decreased positions by around 26,455,852 shares, while 138 investors held positions by with 440,307,661 shares. The mentioned changes placed institutional holdings at 487,006,287 shares, according to the latest SEC report filing. PPL stock had 103 new institutional investments in for a total of 2,579,894 shares, while 95 institutional investors sold positions of 4,604,089 shares during the same period.