PPL Corp (NYSE: PPL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that PPL Corporation subsidiary Rhode Island Energy receives regulatory approval for planned spending to strengthen network safety, reliability and resilience.

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Stocks Info

PPL belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. The current market capitalization of PPL Corp is $20.27B. A total of 4.41 million shares were traded on the day, compared to an average of 5.21M shares.

In the most recent transaction, Henninger Tadd J sold 13,330 shares of PPL for 25.99 per share on Nov 16 ’23. After the transaction, the SVP-Finance and Treasurer now owns 4,784 company shares. In a previous transaction on Apr 05 ’23, Crockett John R III sold 5,500 shares at 28.00 per share. PPL shares that President of a PPL Subsidiary owns now total 9,161.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. PPL Corp pays an annual dividend of $0.98, resulting in a dividend yield of 3.56%, and it has a price to earnings (P/E) ratio of 27.44. PPL’s most recent ex-dividend date was 3/7/2024 when it declared a $0.2575 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 12/7/2023. The PPL stock dividend was $0.24 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PPL has a high of $29.03 and a low of $22.20.

As of this writing, PPL has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.47. The company reported an EPS of $0.43 in the last quarter, which was 2.40% higher than expectations of $0.42.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PPL’s latest balance sheet shows that the firm has $3.57B in Cash & Short Term Investments as of fiscal 2021. There were $11.21B in debt and $2.32B in liabilities at the time. Its Book Value Per Share was $18.90, while its Total Shareholder’s Equity was $13.72B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PPL is Buy with a score of 4.17.

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