VIRGINIA RETIREMENT SYSTEMS ET Al Sells 40,100 Shares of PPL Corporation $PPL

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in PPL Corporation (NYSE:PPL) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,300 shares of the utilities provider’s stock after selling 40,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PPL were worth $3,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Parcion Private Wealth LLC bought a new position in PPL during the 3rd quarter worth about $204,000. Choreo LLC raised its holdings in shares of PPL by 37.5% in the 3rd quarter. Choreo LLC now owns 73,205 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 19,949 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of PPL by 11.4% in the 3rd quarter. D.A. Davidson & CO. now owns 27,728 shares of the utilities provider’s stock valued at $912,000 after purchasing an additional 2,844 shares in the last quarter. North Dakota State Investment Board raised its holdings in shares of PPL by 4.7% in the 3rd quarter. North Dakota State Investment Board now owns 23,051 shares of the utilities provider’s stock valued at $758,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Latitude Advisors LLC purchased a new stake in shares of PPL in the 3rd quarter worth approximately $143,000. 76.99% of the stock is currently owned by institutional investors.

PPL Trading Up 1.4%

NYSE PPL opened at $36.16 on Tuesday. PPL Corporation has a 12-month low of $31.56 and a 12-month high of $40.10. The company has a fifty day simple moving average of $34.13 and a two-hundred day simple moving average of $36.07. 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 stock has a market cap of $27.21 billion, a P/E ratio of 21.40, a P/E/G ratio of 3.43 and a beta of 0.56.

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 firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a dividend of $0.2850 per share. This represents a $1.14 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 10th. PPL’s dividend payout ratio (DPR) is 67.46%.

Insider Buying and Selling

In related news, EVP Wendy Stark sold 5,406 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $35.11, for a total transaction of $189,804.66. Following the sale, the executive vice president directly owned 99,220 shares of the company’s stock, valued at $3,483,614.20. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PPL has been the subject of a number of analyst reports. Evercore set a $42.00 target price on PPL in a report on Monday, August 17th. Wells Fargo & Company lifted their price target on PPL from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, September 28th. HSBC initiated coverage on PPL in a research report on Thursday, October 22nd. They issued a “buy” rating and a $42.00 price target for the company. Royal Bank Of Canada assumed coverage on PPL in a research note on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 price objective for the company. Finally, Scotiabank began coverage on PPL in a research report on Tuesday, September 29th. They set a “sector outperform” rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.06.

About PPL

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.