Bahl & Gaynor LLC Buys 4,045,921 Shares of PPL Corporation $PPL

Bahl & Gaynor LLC bought a new position in PPL Corporation (NYSE:PPL) in the 3rd quarter, HoldingsChannel reports. The fund bought 4,045,921 shares of the utilities provider’s stock, valued at approximately $133,070,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lido Advisors LLC lifted its position in shares of PPL by 9.6% in the third quarter. Lido Advisors LLC now owns 123,445 shares of the utilities provider’s stock worth $4,060,000 after purchasing an additional 10,850 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of PPL by 55.7% during the third quarter. Keybank National Association OH now owns 23,742 shares of the utilities provider’s stock worth $781,000 after purchasing an additional 8,498 shares during the period. AlphaCore Capital LLC grew its position in PPL by 114.5% during the third quarter. AlphaCore Capital LLC now owns 17,213 shares of the utilities provider’s stock valued at $569,000 after purchasing an additional 9,189 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in PPL by 25.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 574,413 shares of the utilities provider’s stock valued at $18,818,000 after purchasing an additional 115,168 shares in the last quarter. Finally, StoneRidge PMG Advisors LLC purchased a new position in PPL during the third quarter valued at approximately $454,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Trading Up 0.0%

Shares of NYSE PPL opened at $35.72 on Wednesday. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 3.49 and a beta of 0.55. The business has a 50 day simple moving average of $34.27 and a 200 day simple moving average of $36.05. PPL Corporation has a 52 week low of $31.56 and a 52 week high of $40.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.60 and a current ratio of 0.75.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, November 6th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. PPL had a net margin of 13.62% and a return on equity of 9.58%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. PPL has set its FY 2026 guidance at 1.920-1.960 EPS. On average, research analysts predict that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

PPL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a $0.2850 dividend. 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 payout ratio is currently 65.14%.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research analyst reports. Barclays cut their target price on shares of PPL from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Weiss Ratings upgraded shares of PPL from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Bank of America restated a “buy” rating on shares of PPL in a report on Thursday, October 22nd. Truist Financial assumed coverage on shares of PPL in a research note on Tuesday, October 27th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Royal Bank Of Canada initiated coverage on PPL in a report on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.12.

Insider Activity at PPL

In other news, EVP Wendy Stark sold 5,406 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $35.11, for a total transaction of $189,804.66. Following the transaction, the executive vice president owned 99,220 shares in the company, valued at $3,483,614.20. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

About PPL

PPL Corporation is an energy company that owns regulated electric and natural gas utilities. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. PPL serves customers in Pennsylvania, Kentucky and Rhode Island through subsidiaries including PPL Electric Utilities, Louisville Gas and Electric Company, Kentucky Utilities and Rhode Island Energy. Its utility operations maintain the infrastructure used to provide energy and support related customer services.