United Capital Financial Advisors LLC Invests $665,000 in PPL Corporation $PPL

United Capital Financial Advisors LLC purchased a new position in PPL Corporation (NYSE:PPL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,284 shares of the utilities provider’s stock, valued at approximately $665,000.

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

Insider Buying and Selling at PPL

In other news, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the transaction, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the stock in a transaction on Wednesday, July 15th. The shares were 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 in the company, 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.

PPL Stock Down 0.0%

Shares of PPL stock opened at $34.19 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a market capitalization of $25.73 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.34 and a beta of 0.57. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10. The company has a 50-day simple moving average of $35.71 and a two-hundred day simple moving average of $36.71.

PPL (NYSE:PPL) last posted 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). The firm 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%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is currently 67.46%.

Analysts Set New Price Targets

A number of analysts have recently commented on PPL shares. Jefferies Financial Group dropped their price target on PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. JPMorgan Chase & Co. raised their price objective on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Evercore set a $42.00 price objective on PPL in a research note on Monday, August 17th. Morgan Stanley dropped their target price on PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Finally, BTIG Research reissued a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.