UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 208,820 Shares of PPL Corporation $PPL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in PPL Corporation (NYSE:PPL) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,157,814 shares of the utilities provider’s stock after purchasing an additional 208,820 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PPL were worth $114,787,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PPL. Empowered Funds LLC boosted its position in PPL by 39.5% in the 1st quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider’s stock valued at $692,000 after buying an additional 5,428 shares during the last quarter. Woodline Partners LP raised its position in shares of PPL by 40.7% during the first quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider’s stock worth $2,252,000 after acquiring an additional 18,057 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of PPL by 13.0% during the first quarter. Focus Partners Wealth now owns 26,861 shares of the utilities provider’s stock valued at $971,000 after acquiring an additional 3,084 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in PPL by 64.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,695 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 1,848 shares during the last quarter. Finally, Cary Street Partners Financial LLC boosted its holdings in PPL by 6.9% in the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.

Insider Activity at PPL

In related news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PPL shares. Morgan Stanley dropped their price objective on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 21st. BMO Capital Markets lowered their price target 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. Barclays boosted their price target on shares of PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Evercore set a $42.00 price objective on shares of PPL in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

PPL Stock Performance

Shares of PPL stock opened at $34.42 on Wednesday. The stock has a market cap of $25.90 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.33 and a beta of 0.57. The stock has a 50-day moving average of $35.67 and a 200-day moving average of $36.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. PPL Corporation has a one year low of $33.17 and a one year high of $40.10.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share (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 analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, sell-side analysts expect that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

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