Callan Family Office LLC Invests $704,000 in PPL Corporation $PPL

Callan Family Office LLC bought a new stake in PPL Corporation (NYSE:PPL) in the second quarter, Holdings Channel.com reports. The firm bought 19,378 shares of the utilities provider’s stock, valued at approximately $704,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allied Private Wealth LLC acquired a new position in PPL during the second quarter worth about $42,000. Covestor Ltd grew its stake in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 870 shares in the last quarter. Root Financial Partners LLC grew its stake in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its holdings in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in PPL in the 4th quarter valued at about $119,000. 76.99% of the stock is owned by hedge funds and other institutional investors.

PPL Stock Down 0.0%

Shares of NYSE:PPL opened at $35.03 on Wednesday. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.40 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 business has a 50-day moving average price of $35.79 and a 200 day moving average price 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.

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

PPL Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PPL. BTIG Research restated a “buy” rating on shares of PPL in a report on Thursday, June 4th. Jefferies Financial Group cut their price target on PPL from $48.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets reduced their price objective on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Bank of America lowered their price objective on PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Evercore set a $42.00 target price on PPL in a report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Activity at PPL

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

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.