PPL Stock Summary and Trading Ideas (PPL | NYSE:PPL)

PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky. The Kentucky utilities also serve gas customers. Rhode Island Energy operates electric and gas utilities in Rhode Island.

PPL trades on the NYSE stock market under the symbol PPL.

As of April 23, 2024, PPL stock price declined to $27.24 with 4,098,594 million shares trading.

PPL has a beta of 0.38, meaning it tends to be less sensitive to market movements. PPL has a correlation of 0.06 to the broad based SPY ETF.

PPL has a market cap of $20.08 billion. This is considered a Large Cap stock.

Last quarter PPL reported $2 billion in Revenue and $.40 earnings per share. This beat revenue expectation by $131 million and exceeded earnings estimates by $.02.

In the last 3 years, PPL stock traded as high as $31.74 and as low as $22.20.

The top ETF exchange traded funds that PPL belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

PPL stock has underperformed the market in the last year with a return of -1.6%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PPL shares. However, PPL has outperformed the market in the last 3 month and 2 week periods, returning +6.5% and -0.5%, while SPY returned +4.9% and -2.5%, respectively. This indicates PPL has been having a stronger performance recently.

PPL support price is $27.05 and resistance is $27.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPL stock will trade within this expected range on the day.