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