PPL Corporation $PPL Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its holdings in shares of PPL Corporation (NYSE:PPL) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,517 shares of the utilities provider’s stock after buying an additional 743 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in PPL were worth $560,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PPL. Renaissance Technologies LLC raised its stake in PPL by 613.8% during the 4th quarter. Renaissance Technologies LLC now owns 122,774 shares of the utilities provider’s stock worth $3,985,000 after acquiring an additional 105,574 shares in the last quarter. NewEdge Advisors LLC raised its stake in PPL by 10.8% during the 4th quarter. NewEdge Advisors LLC now owns 43,208 shares of the utilities provider’s stock worth $1,403,000 after acquiring an additional 4,216 shares in the last quarter. First Trust Advisors LP raised its stake in PPL by 3.8% during the 4th quarter. First Trust Advisors LP now owns 1,895,176 shares of the utilities provider’s stock worth $61,517,000 after acquiring an additional 69,001 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PPL by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,647,682 shares of the utilities provider’s stock worth $85,942,000 after acquiring an additional 69,720 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in PPL by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 195,331 shares of the utilities provider’s stock worth $6,340,000 after acquiring an additional 3,491 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

PPL Stock Up 0.9%

Shares of NYSE:PPL opened at $37.0550 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. PPL Corporation has a fifty-two week low of $31.22 and a fifty-two week high of $37.38. The firm’s 50-day simple moving average is $35.15 and its 200-day simple moving average is $34.93. The company has a market cap of $27.40 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.64 and a beta of 0.64.

PPL (NYSE:PPL) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, equities research analysts predict that PPL Corporation will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PPL has been the topic of several research analyst reports. Barclays upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 7th. Guggenheim lifted their price target on shares of PPL from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of PPL from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Morgan Stanley lowered their price objective on shares of PPL from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, PPL presently has an average rating of “Buy” and a consensus target price of $36.70.

Insider Buying and Selling

In other PPL news, COO David J. Bonenberger sold 2,165 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total transaction of $77,636.90. Following the transaction, the chief operating officer owned 45,560 shares of the company’s stock, valued at $1,633,781.60. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.