23,613 Shares in PPL Corporation $PPL Acquired by Haverford Trust Co

Haverford Trust Co bought a new stake in shares of PPL Corporation (NYSE:PPL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,613 shares of the utilities provider’s stock, valued at approximately $858,000.

Several other institutional investors also recently bought and sold shares of the company. Korea Investment CORP purchased a new position in PPL in the second quarter worth $27,134,000. Deutsche Bank AG lifted its holdings in shares of PPL by 23.7% during the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after purchasing an additional 393,748 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of PPL during the 2nd quarter valued at $12,397,000. Greenland Capital Management LP acquired a new stake in shares of PPL in the 2nd quarter worth $10,243,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in shares of PPL in the 2nd quarter worth $10,098,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PPL

In related news, 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 transaction of $929,530.35. Following the completion of the sale, the director owned 222,897 shares of the company’s stock, valued at $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This trade represents a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by corporate insiders.

PPL Trading Down 2.2%

NYSE:PPL opened at $34.42 on Friday. PPL Corporation has a 12 month low of $33.17 and a 12 month high of $40.10. The firm has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $36.75. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $25.90 billion, a P/E ratio of 20.37, a PEG ratio of 2.35 and a beta of 0.57.

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). PPL had a net margin of 13.47% and a return on equity of 9.33%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm earned $0.32 earnings per share. PPL’s quarterly revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities research analysts anticipate that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is presently 67.46%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PPL shares. Barclays upped their target price on PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. BMO Capital Markets lowered their price target on PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Evercore set a $42.00 price target on PPL in a research note on Monday, August 17th. BTIG Research restated a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

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.