Recent trading patterns in the stock of PPL Corporation (NYSE:PPL) have investors on high alert. The idea that stock performance can best be predicted by analyzing past trading data is a widely held view among financial professionals. In the case of PPL, the data could have some interesting implications for future performance. In the most recent quarter, institutional ownership increased by a net of 1.29 million shares, or 0.26%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for PPL overall.363 holders increased their positions, 301 decreased their positions, and 146 holders held their positions.
Among institutions that increased their positions, 73 were new positions. Among holders that decreased their positions, 38 sold out of the stock PPL Corporation. Insider ownership during the latest quarter decreased by a net of 47163 shares, indicating that PPL’s key executives are feeling more bearish about the stock than they did three months ago. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has decreased by a net of 414715 shares.
Over the past year, the price of PPL Corporation (PPL) has increased 17.80% while the S&P 500 has increased 19.49%. During the past 20 days, PPL has decreased -2.32% while the broad market has increased 1.94%. PPL ‘s 20-day moving average currently sits above its 100-day moving average. This is a bullish signal that suggests the stock price might continue to rise. PPL’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of PPL’s future price movements.
PPL Corporation (NYSE:PPL) has a 20-day RSI of 44.03%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. PPL’s 9-day MACD currently sits above the 20-day MACD, indicating that the stock might be on the cusp of an uptrend. PPL’s average trading volatility during the past few weeks is 13.6% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.
Analysts expect PPL Corporation (PPL) to generate earnings per share of $2.15 in 2017. This works out to a decrease of -12.24% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for PPL on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.57 or a Hold. Three months ago, analysts assigned PPL a 3.22 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year.