PPL Corporation (NYSE:PPL – Get Free Report) 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 sale, the director directly owned 222,897 shares in the company, valued at approximately $5,583,569.85. The trade was a 14.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PPL Stock Performance
Shares of NYSE PPL opened at $36.33 on Friday. The stock has a fifty day moving average price of $35.87 and a two-hundred day moving average price of $36.79. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.88 and a current ratio of 1.00. The firm has a market cap of $27.33 billion, a P/E ratio of 22.15, a PEG ratio of 2.44 and a beta of 0.57. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10.
PPL (NYSE:PPL – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. PPL had a return on equity of 9.41% and a net margin of 13.09%.The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts forecast that PPL Corporation will post 1.95 EPS for the current fiscal year.
PPL Dividend Announcement
Hedge Funds Weigh In On PPL
Institutional investors have recently bought and sold shares of the stock. Reaves W H & Co. Inc. raised its holdings in PPL by 2.0% during the 4th quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after buying an additional 88,531 shares during the period. SG Americas Securities LLC boosted its holdings in shares of PPL by 905.7% in the fourth quarter. SG Americas Securities LLC now owns 523,756 shares of the utilities provider’s stock worth $18,342,000 after buying an additional 471,679 shares during the period. Roffman Miller Associates Inc. PA boosted its holdings in shares of PPL by 7.8% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 348,335 shares of the utilities provider’s stock worth $12,199,000 after buying an additional 25,172 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of PPL by 5.8% in the fourth quarter. Miller Howard Investments Inc. NY now owns 344,670 shares of the utilities provider’s stock worth $12,070,000 after acquiring an additional 18,840 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its holdings in shares of PPL by 3.8% during the second quarter. State of Tennessee Department of Treasury now owns 249,204 shares of the utilities provider’s stock valued at $8,446,000 after acquiring an additional 9,118 shares during the period. Hedge funds and other institutional investors own 76.99% of the company’s stock.
Key PPL News
Here are the key news stories impacting PPL this week:
- Positive Sentiment: JPMorgan Chase & Co. raised its price target on PPL from $42 to $45 and reiterated an overweight rating, signaling continued confidence in the utility’s upside potential. Article source
- Positive Sentiment: Analysts remain broadly constructive, with PPL still carrying a Moderate Buy consensus and a target price above recent trading levels.
- Neutral Sentiment: The company’s long-term growth story is being supported by its $23 billion grid investment plan, which targets reliability improvements, fewer outages, and about 10.3% annual rate base growth through 2029. Article source
- Neutral Sentiment: PPL also continues to back shareholders with a 3.2% dividend yield after its recent quarterly payout.
- Negative Sentiment: Recent insider selling may be creating some caution, including sales by CEO William Spencer Marshall and directors John Raymond and Kristen Robinson, which can weigh on sentiment even if the transactions were likely routine. Article source
Wall Street Analysts Forecast Growth
PPL has been the subject of several research reports. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Mizuho upgraded shares of PPL to a “hold” rating in a report on Friday, July 3rd. Barclays increased their target price on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets reduced their target price on shares of PPL from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Finally, Seaport Research Partners set a $42.00 price target on shares of PPL in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPL presently has an average rating of “Moderate Buy” and a consensus price target of $41.92.
Check Out Our Latest Stock Report on PPL
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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