PPL Corp (NYSE:PPL) saw an uptick in trading volume on Monday, with 3.18 million shares changing hands, according to data from Tuesday, September 26, 2023. The surge in volume came as the company's share price began the trading session at $24.97, a -0.52% drop from the previous trading day.
The stock moved between $25.06 and $24.815 during the day before settling at a closing price of $25.13. Over the past year, PPL's share price has ranged between $23.47 and $31.74, indicating a significant level of volatility.
In terms of ownership, institutional investors hold 74.94% of PPL Corp's shares, while insiders hold 0.18%. Notably, on April 5, the President of a PPL Subsidiary sold 5,500 shares at a rate of $28.00 per share, reducing his ownership stake to 9,161 shares.
On the financial front, PPL Corp reported earnings per share (EPS) of $0.29 for the quarter ending June 29, 2023, missing the consensus estimate by -$0.03. The company achieved a net margin of +9.02 and a return on equity of 5.16 during this period.
Wall Street analysts predict that PPL Corp will report earnings of $0.38 per share during the current fiscal year and expect an EPS growth rate of 12.14% for the next fiscal year.
As for key performance indicators, PPL Corp reported a quick ratio of 0.90 for the most recent quarter and its price to sales ratio for the trailing twelve months stands at 2.13.
The company's diluted EPS for the trailing twelve months is 0.97, a figure that is expected to reach 0.44 in the next quarter and 1.71 in one year's time.
PPL Corp's market capitalization stands at $18.43 billion based on 737,089K outstanding shares. The company reported sales totaling $7,902 million and income of $756,000K.
In terms of dividends, PPL Corp offers an annual yield of 3.84 percent with an annual dividend per share of 0.96. However, investors should consider other factors before making an investment decision.
Finally, as of June 29, 2023, the largest institutional investor in PPL Corp was Vanguard Group Inc, holding 12.83% of the shares, which equates to about 94.6 million shares worth $2.5 billion.
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