Further Upside Possible: PPL Corporation (PPL), FirstEnergy Corp. (FE)

SPENCE WILLIAM H, Chairman, President and CEO, sold 225,365 shares of the PPL Corporation (NYSE:PPL) in an exchange that happened on March 5th. The stock was sold at an average price of $32.50 per share, amounting to a transaction worth $7,324,363. The sale was made public in a document filed with the SEC. Additionally, Chairman of a PPL Subsidiary Thompson Paul W sold 7,419 shares of this stock in a transaction that took place on February 11th. The stock was sold at an average price of $31.28 per share, for a total exchange amounting to $232,066. After the transaction, the Chairman of a PPL Subsidiary Thompson Paul W currently holds 0 shares of the company’s stock.

With this stock price’s latest movement, it is now -0.28% away from its 1-year high and 28.81% higher than its 1-year low price. In the past seven days, the stock price volatility for PPL Corporation was 1.06%, whereas its volatility in the past 30 days has been 1.29%. This public company’s stock also has a beta score of 0.59. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

PPL Corporation (NYSE:PPL) most recently published its quarterly earnings results. The firm posted $0.52 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.49 by $0.03. The publicly-traded organization reported revenue of $1,939.00 million for the quarter, compared to the average analyst forecast calling for $1,859.02 million, which was surpassing the analyst consensus estimate.

Shares of PPL Corporation (PPL) surged 0.28%, amounting to a gain of $0.090000000000003 per share, to finish the regular trading session at $32.59 on Thursday 03/14/2019. After beginning the session at $32.54, shares of PPL Corporation reached as high as $32.65 during the day, while hitting a 1-day low of $32.31. Trade volume reached 5,100,176 shares against this stock’s average daily volume of 5.35M shares, with a total float of 721.31M. As a consequence of the price increase, PPL Corporation now has a current market value of 23.56B.

FirstEnergy Corp. (NYSE:FE) subtracted -0.99% to its trading price by the close of the most recent session, dropping from its previous closing price of $41.62 to $41.21. This stock increased in value by 1.05% during the last 7-day period, and experienced a gain of 4.28% over the past 30-day period. In the past three months, this stock’s price grew by 4.04% , and added 8.50% to its price during the last six months of trading. FE demonstrated a yearly price gain of 24.92% , while its year-to-date (YTD) price performance has been up 9.75% . This stock’s price changed by +16.64% compared to its 90-day low, and moved down -1.36% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the FE stock as “Buy”. In the short-term, FirstEnergy Corp. (FE) has a 20-day average volume of 4,787,565 shares and short-term indicators sets the FE stock as “ 60% Buy ” on average basis. In the medium-term, FE stock has a 50-Day average volume of 4,952,034 shares and medium-term indicators gave the average rating of “ 100% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 4,973,507 shares. On average, long-term indicators rated the stock as “100% Buy ”. The overall picture from all short, medium and long-term indicators sets the FE stock as “88% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on FE. BofA/Merrill, for example, Reiterated its rating on shares of FirstEnergy Corp. to a “Buy”, while setting a $41 price target on shares of the company’s stock, according to a research note from Monday October 29th, 2018. while giving the stock a “Sector Outperform” rating, as stated in a research report from Tuesday, July 24th, 2018. Wells Fargo, on the other hand, Upgrade a from “Market Perform ” to “ Outperform” rating on this stock in a research note dated Monday, April 30th, 2018.

In other news related to FirstEnergy Corp. stock, 92.58% shares of FE held by institutions. The total number of institutions who held the FE shares was 849, according to most recent SEC filling. During the past quarter, total 490,813,212 shares held by institutions with the net change of -2,867,397 shares. In the meantime, 99 new institutions bought the shares of FirstEnergy Corp. for the first time and 100 institutions sold all their holdings in the company’s common stock. 373 institutions increased their investment in the FE stock and 366 institutions decreased their investment in the FirstEnergy Corp. (FE)’s stock during the last quarter.