NBC Securities Inc. Raises Stake in PPL Corporation $PPL

NBC Securities Inc. lifted its position in shares of PPL Corporation (NYSE:PPL) by 2.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 104,587 shares of the utilities provider’s stock after buying an additional 2,230 shares during the quarter. NBC Securities Inc.’s holdings in PPL were worth $3,544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PPL. Ethic Inc. purchased a new stake in shares of PPL during the fourth quarter worth about $254,000. Focus Partners Wealth boosted its position in shares of PPL by 11.9% in the fourth quarter. Focus Partners Wealth now owns 23,777 shares of the utilities provider’s stock worth $772,000 after acquiring an additional 2,531 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of PPL by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 81,732 shares of the utilities provider’s stock worth $2,655,000 after acquiring an additional 1,691 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PPL by 5.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,506 shares of the utilities provider’s stock worth $2,289,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of PPL in the fourth quarter worth approximately $789,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of PPL from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Barclays raised shares of PPL from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, PPL presently has a consensus rating of “Buy” and a consensus price target of $36.70.

PPL Trading Up 0.5%

Shares of PPL stock opened at $36.17 on Monday. The stock has a market cap of $26.74 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65. 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 moving average price is $36.02 and its two-hundred day moving average price is $35.17.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The business had revenue of $2.03 billion for 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 company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. On average, analysts anticipate that PPL Corporation will post 1.83 EPS for the current year.

PPL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a $0.2725 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.0%. PPL’s dividend payout ratio is 81.34%.

Insider Buying and Selling at PPL

In other news, COO David J. Bonenberger sold 2,165 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total value of $77,636.90. Following the completion of the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at approximately $1,633,781.60. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

About PPL

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.