Tidal Investments LLC boosted its stake in shares of PPL Corporation (NYSE:PPL – Free Report) by 41.8% during the second quarter, HoldingsChannel.com reports. The firm owned 409,790 shares of the utilities provider’s stock after acquiring an additional 120,860 shares during the period. Tidal Investments LLC’s holdings in PPL were worth $14,896,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Engineers Gate Manager LP grew its stake in shares of PPL by 104.3% during the 2nd quarter. Engineers Gate Manager LP now owns 618,448 shares of the utilities provider’s stock valued at $22,481,000 after buying an additional 315,788 shares during the period. Cidel Asset Management Inc. raised its position in shares of PPL by 5.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 7,468 shares of the utilities provider’s stock worth $271,000 after buying an additional 362 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of PPL by 97.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,265 shares of the utilities provider’s stock worth $664,000 after buying an additional 9,035 shares during the period. NewEdge Advisors LLC boosted its holdings in PPL by 7.9% in the second quarter. NewEdge Advisors LLC now owns 62,066 shares of the utilities provider’s stock valued at $2,256,000 after acquiring an additional 4,545 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in PPL by 2.4% in the second quarter. IFP Advisors Inc now owns 123,238 shares of the utilities provider’s stock valued at $4,480,000 after acquiring an additional 2,855 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.
Insider Buying and Selling at PPL
In related news, CFO Ashley 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 completion of the sale, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the sale, the director directly owned 222,897 shares in the company, valued at $5,583,569.85. This trade represents a 14.27% decrease in their position. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on PPL
PPL Stock Performance
Shares of NYSE:PPL opened at $34.26 on Friday. The company has a market cap of $25.79 billion, a P/E ratio of 20.27, a PEG ratio of 3.38 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 one year low of $33.17 and a one year high of $40.10. The business’s 50-day simple moving average is $35.41 and its 200 day simple moving average is $36.58.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts forecast that PPL Corporation will post 1.94 earnings per share for the current fiscal year.
PPL Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.285 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. PPL’s dividend payout ratio is 67.46%.
PPL Company Profile
PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas to residential, commercial, and industrial customers, while also operating and maintaining generation, transmission, and distribution infrastructure.
PPL’s Pennsylvania operations are conducted through PPL Electric Utilities, which provides electric delivery service across much of central and eastern Pennsylvania.
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