Corient Private Wealth LP Takes Position in PPL Corporation $PPL

Corient Private Wealth LP purchased a new position in PPL Corporation (NYSE:PPL) during the second quarter, Holdings Channel.com reports. The firm purchased 355,126 shares of the utilities provider’s stock, valued at approximately $12,910,000.

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

Insider Buying and Selling at PPL

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were 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 directly owned 561,482 shares in the company, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction of $929,530.35. Following the sale, the director owned 222,897 shares of the company’s stock, valued at $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

PPL has been the subject of several research reports. Mizuho upgraded PPL to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings downgraded PPL from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Morgan Stanley cut their price objective on shares of PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. BMO Capital Markets decreased their target price on shares of PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Jefferies Financial Group dropped their price target on shares of PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.00.

PPL Stock Down 0.7%

Shares of PPL stock opened at $34.20 on Friday. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average price of $35.74 and a two-hundred day moving average price of $36.72. The stock has a market capitalization of $25.74 billion, a P/E ratio of 20.24, a PEG ratio of 2.34 and a beta of 0.57.

PPL (NYSE:PPL) last released its quarterly 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). PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts expect that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

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

PPL 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.