PPL Corporation’s recent filing unveils that its President of a PPL Subsidiary Bonenberger David J unloaded Company’s shares for reported $18787.0 on Jan 24. In the deal valued at $26.13 per share,719 shares were sold. As a result of this transaction, Bonenberger David J now holds 34,606 shares worth roughly $ 0.96 million.
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Then, Bonenberger David J sold 29,080 shares, generating $872,400 in total proceeds. Upon selling the shares at $30.00, the President of a PPL Subsidiary now owns 34,606 shares.
Before that, Raymond Stephanie R sold 18,580 shares. PPL Corporation shares valued at $544,580 were divested by the President of a PPL Subsidiary at a price of $29.31 per share. As a result of the transaction, Raymond Stephanie R now holds 23,182 shares, worth roughly $0.64 million.
Morgan Stanley upgraded its PPL Corporation [PPL] rating to an Overweight from a an Equal-weight in a research note published on Friday. PT values the company’s stock at a premium of 13.47 to its Friday closing price. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. BofA Securities also remained covering PPL and has increased its forecast on August 15, 2022 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on July 07, 2022. It rated PPL as “an Outperform” which previously was an “an In-line”.
Price Performance Review of PPL
On Friday, PPL Corporation [NYSE:PPL] saw its stock fall -0.61% to $27.69. On the same session, the stock had its day’s lowest price of $27.405, but rose to a high of $27.805. Over the last five days, the stock has lost -2.67%. PPL Corporation shares have fallen nearly -5.24% since the year began. Nevertheless, the stocks have risen 6.09% over the past one year. While a 52-week high of $31.74 was reached on 01/11/23, a 52-week low of $23.47 was recorded on 01/24/23. SMA at 50 days reached $29.25, while 200 days put it at $28.34. A total of 5.3 million shares were traded, compared to the trading of 7.87 million shares in the previous session.
Levels Of Support And Resistance For PPL Stock
The 24-hour chart illustrates a support level at 27.46, which if violated will result in even more drops to 27.23. On the upside, there is a resistance level at 27.86. A further resistance level may holdings at 28.03. The Relative Strength Index (RSI) on the 14-day chart is 36.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.57%. Stochastics %K at 15.23% indicates the stock is a buying.
How much short interest is there in PPL Corporation?
A steep rise in short interest was recorded in PPL Corporation stocks on Jan 12, 2023, growing by 0.43 million shares to a total of 10.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 10.13 million shares. There was a rise of 4.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.96.
PPL Corporation [PPL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 88,706,621 shares, or roughly 12.05% of the outstanding PPL shares. In other words, the investor’s shares have fallen by -1,467,902 from its previous 13-F filing of 90174523.0. Additionally, BlackRock Fund Advisors increased 2.63% of its stake after which the total value it holdings stand at $1,379,827,325, while SSgA Funds Management, Inc. reduced -1.03% of its stake to hold $1.31 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 373,725 shares of PPL Corporation, while Hotchkis & Wiley Capital Manageme bought -2,801,877 shares. At present, Invesco Capital Management LLC is holding 11,642,917 shares valued at $344.63 million. UBS Securities LLC owned 10,908,171 shares of the company at the time of its most recent 13F filing, worth $322.88 million.
According to FactSet, PPL Corporation’s share price will average $32.10 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.86 percent from its previous closing price of $27.86. Analysts expect PPL Corporation stock to reach the higher price of $34.00, while the lowest price estimate is $30.00. However, 13 analysts have rated PPL stock as an Overweight in their predictions for 2023. The most recent change occurred on April 26, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $33 price target.