Chancellor Financial Group WB LP purchased a new stake in shares of PPL Corporation (NYSE:PPL – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 35,376 shares of the utilities provider’s stock, valued at approximately $1,286,000. PPL makes up about 0.8% of Chancellor Financial Group WB LP’s holdings, making the stock its 26th largest holding.
A number of other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of PPL by 3.8% during the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 341 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of PPL by 6.9% during the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 343 shares during the period. Busey Bank boosted its position in PPL by 6.2% in the fourth quarter. Busey Bank now owns 6,005 shares of the utilities provider’s stock valued at $210,000 after buying an additional 351 shares during the last quarter. Ethos Financial Group LLC increased its holdings in PPL by 0.9% in the 1st quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock worth $1,723,000 after buying an additional 429 shares during the period. Finally, Plimoth Trust Co. LLC raised its position in PPL by 3.8% during the 1st quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock worth $468,000 after buying an additional 450 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
PPL has been the subject of several research reports. Mizuho upgraded shares of PPL to a “hold” rating in a research note on Friday, July 3rd. Wells Fargo & Company reissued an “overweight” rating on shares of PPL in a report on Tuesday, April 21st. Barclays boosted their target price on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Bank of America lowered their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Evercore set a $42.00 price objective on PPL in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.42.
PPL Trading Down 0.8%
Shares of PPL stock opened at $35.66 on Wednesday. The firm has a 50-day simple moving average of $35.87 and a two-hundred day simple moving average of $36.78. The company has a market cap of $26.84 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91.
PPL (NYSE:PPL – Get Free Report) last posted its 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned $0.32 earnings per share. PPL’s revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities analysts predict that PPL Corporation will post 1.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Kristen Robinson sold 37,107 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value 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. The trade was a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the transaction, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.34% of the company’s stock.
PPL Company 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.
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