PPL Corporation (NYSE:PPL) and Public Service Enterprise Group Inc (NYSE:PEG) trade down

Posted by sara Frank May 7, 2013 0 Comment 1335 views


Hartford, CT 05/07/2013 (GDPInsider) – PPL Corporation (NYSE:PPL): In Monday’s trading session, shares of PPL Corporation (NYSE:PPL) dipped by 2.29%. The opening price of the shares was $32.65 which touched an intraday price high of $32.74 before dropping to $31.95 per share. Over 4.99M shares were traded in Monday’s trading session which was above the average volume of 4.05M that was measured over a period of 30 days.

The company’s strengths are evident in different areas. It is expanding its profit margins, has displayed a solid stock-price performance, and has attractive valuation levels as well as pretty notable return on its equity. To a certain degree, these positives negate the fact that PPL Corporation (NYSE:PPL) has been a little slow in the earnings per share space.

PPL Corporation’s earnings data was last released on 2 May. The company has reported first-quarter, earnings per share of $0.71 which topped the analyst’s average estimate of $0.70 per share. The company quarterly revenue was $2.46 billion in comparison with the projected $3.46 billion. PPL had posted earnings per share of $0.70 in the same quarter the previous year.

Is PPL a solid investment at these levels? Get valuable updates and exclusive insights here.

Public Service Enterprise Group Inc (NYSE:PEG): In Monday’s trading session, shares of Public Service Enterprise Group Inc (NYSE:PEG) fell by 2.37%. The opening price of the shares was $36.23 which touched an intraday high of $36.28 before dropping to $35.43 per share. Over 2.64M shares were traded in Monday’s trading session which was lower than the average volume of 2.29M which was measured over a period of 30 days.

Based on the quarterly income of the company (which has been annualized to $1.44), Public Service Enterprise Group Inc (NYSE:PEG) shares yielded just above the mark of 4%.

Public Service Enterprise Group Inc (NYSE:PEG) is essentially a holding company. It has operations in Mid Atlantic and Northern United States as well as in a few other select markets. It conducts business via three subsidiaries that are wholly-owned-

Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and PSEG Energy Holdings L.L.C. (Energy Holdings). This energy company has a diversified business mix. Another of its wholly-owned subsidiaries, PSEG Services Corporation (Services) provides Public Service Enterprise Group Inc and its operating subsidiaries with general and certain management administrative services.

How Should Investors Trade PEG Now? Get the latest trends and data here.

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About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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