Let’s look at the key reasons that are pushing PPL Corp (PPL) to new highs

On Friday, PPL Corp (NYSE: PPL) opened lower -0.20% from the last session, before settling in for the closing price of $35.00. Price fluctuations for PPL have ranged from $25.35 to $35.14 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 3.55%. Company’s average yearly earnings per share was noted 6.74% at the time writing. With a float of $737.36 million, this company’s outstanding shares have now reached $737.97 million.

Considering the fact that the conglomerate employs 6629 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.51%, operating margin of 21.47%, and the pretax margin is 12.4%.

PPL Corp (PPL) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of PPL Corp is 0.08%, while institutional ownership is 78.31%. The most recent insider transaction that took place on Nov 21 ’24, was worth 314,680. In this transaction President of a PPL Subsidiary of this company sold 9,161 shares at a rate of $34.35, taking the stock ownership to the 12,434 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Officer proposed sale 9,161 for $34.35, making the entire transaction worth $314,680.

PPL Corp (PPL) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.4 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.38) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 6.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.82% during the next five years compared to -17.22% drop over the previous five years of trading.

PPL Corp (NYSE: PPL) Trading Performance Indicators

Check out the current performance indicators for PPL Corp (PPL). In the past quarter, the stock posted a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.11, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.82 in one year’s time.

Technical Analysis of PPL Corp (PPL)

Compared to the last year’s volume of 4.89 million, its volume of 5.83 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 90.48%. Additionally, its Average True Range was 0.53.

During the past 100 days, PPL Corp’s (PPL) raw stochastic average was set at 97.08%, which indicates a significant increase from 89.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.36% in the past 14 days, which was lower than the 15.74% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.95, while its 200-day Moving Average is $29.74. Nevertheless, the first resistance level for the watch stands at $35.12 in the near term. At $35.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $35.47. If the price goes on to break the first support level at $34.76, it is likely to go to the next support level at $34.60. Now, if the price goes above the second support level, the third support stands at $34.41.

PPL Corp (NYSE: PPL) Key Stats

There are currently 737,970K shares outstanding in the company with a market cap of 25.73 billion. Presently, the company’s annual sales total 8,312 M according to its annual income of 740,000 K. Last quarter, the company’s sales amounted to 2,066 M and its income totaled 214,000 K.