Haverford Trust Co acquired a new stake in PPL Corporation (NYSE:PPL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,613 shares of the utilities provider’s stock, valued at approximately $858,000.
Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its position in shares of PPL by 569.8% during the second quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider’s stock worth $1,295,000 after acquiring an additional 30,313 shares during the period. Chancellor Financial Group WB LP purchased a new stake in shares of PPL in the second quarter valued at approximately $1,286,000. Landscape Capital Management L.L.C. purchased a new stake in shares of PPL in the second quarter valued at approximately $5,111,000. EP Wealth Advisors LLC purchased a new stake in shares of PPL in the second quarter valued at approximately $1,893,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PPL by 9.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock worth $66,786,000 after purchasing an additional 157,005 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on PPL shares. Mizuho upgraded PPL to a “hold” rating in a report on Friday, July 3rd. BMO Capital Markets lowered their target price on PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, August 10th. BTIG Research reissued a “buy” rating on shares of PPL in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley cut their price target on PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, PPL has a consensus rating of “Moderate Buy” and an average target price of $41.33.
PPL Price Performance
Shares of PPL opened at $34.42 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The company has a 50 day moving average price of $35.83 and a 200-day moving average price of $36.75. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The stock has a market capitalization of $25.90 billion, a PE ratio of 20.37, a PEG ratio of 2.35 and a beta of 0.57.
PPL (NYSE:PPL – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts predict that PPL Corporation will post 1.94 earnings per share for the current fiscal year.
PPL Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s dividend payout ratio (DPR) is 67.46%.
Insiders Place Their Bets
In related news, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the sale, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.34% of the company’s stock.
About PPL
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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