Quantbot Technologies LP bought a new position in PPL Corporation (NYSE:PPL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 341,037 shares of the utilities provider’s stock, valued at approximately $12,397,000. PPL comprises 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 17th largest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Allied Private Wealth LLC purchased a new position in PPL during the second quarter worth about $42,000. Covestor Ltd lifted its position in PPL by 206.7% in the second quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 870 shares during the period. Root Financial Partners LLC boosted its holdings in PPL by 72.5% in the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after purchasing an additional 1,087 shares in the last quarter. Rossby Financial LCC boosted its holdings in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new position in PPL during the 2nd quarter worth approximately $119,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.
Insider Transactions at PPL
In other PPL news, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction that occurred on Wednesday, July 15th. The shares were 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 of the company’s stock, valued at approximately $5,583,569.85. The trade was a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the completion of the transaction, the chief financial officer owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.34% of the company’s stock.
Analysts Set New Price Targets
PPL Price Performance
PPL stock opened at $34.42 on Friday. The stock’s 50 day moving average price is $35.83 and its 200 day moving average price is $36.75. The firm has a market cap of $25.90 billion, a P/E ratio of 20.37, a PEG ratio of 2.35 and a beta of 0.57. 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 Corporation has a 1 year low of $33.17 and a 1 year high of $40.10.
PPL (NYSE:PPL – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a return on equity of 9.33% and a net margin of 13.47%.The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts expect that PPL Corporation will post 1.94 earnings per share for the current fiscal year.
PPL Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s dividend payout ratio (DPR) is currently 67.46%.
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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