Global Retirement Partners LLC Invests $584,000 in PPL Corporation $PPL

Global Retirement Partners LLC acquired a new position in shares of PPL Corporation (NYSE:PPL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,058 shares of the utilities provider’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in PPL by 569.8% in the second quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider’s stock worth $1,295,000 after purchasing an additional 30,313 shares during the last quarter. Strategic Investment Advisors MI increased its position in shares of PPL by 256.5% during the first quarter. Strategic Investment Advisors MI now owns 35,277 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 25,382 shares in the last quarter. Allstate Corp increased its position in shares of PPL by 101.4% during the fourth quarter. Allstate Corp now owns 54,701 shares of the utilities provider’s stock worth $1,916,000 after purchasing an additional 27,538 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of PPL by 65.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 53,562 shares of the utilities provider’s stock valued at $2,046,000 after purchasing an additional 21,198 shares during the last quarter. Finally, Reaves W H & Co. Inc. lifted its holdings in shares of PPL by 2.0% during the 4th quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock valued at $154,957,000 after purchasing an additional 88,531 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PPL. BMO Capital Markets dropped their target price on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Bank of America decreased their price target on PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, July 20th. BTIG Research reiterated a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Morgan Stanley reissued an “overweight” rating on shares of PPL in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.42.

Insiders Place Their Bets

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the sale, the director directly owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company’s stock.

PPL Trading Down 0.8%

NYSE PPL opened at $35.66 on Wednesday. The company has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $36.78. The stock has a market cap of $26.84 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.46 and a beta of 0.57. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. PPL’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, analysts forecast that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Company Profile

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.