42,433 Shares in PPL Corporation $PPL Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in PPL Corporation (NYSE:PPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,433 shares of the utilities provider’s stock, valued at approximately $1,542,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. increased its stake in shares of 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 valued at $154,957,000 after acquiring an additional 88,531 shares during the last quarter. Deutsche Bank AG boosted its position in shares of PPL by 23.7% in the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock worth $74,762,000 after acquiring an additional 393,748 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 acquiring an additional 157,005 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in PPL in the second quarter valued at approximately $28,297,000. Finally, Korea Investment CORP purchased a new stake in PPL in the second quarter valued at approximately $27,134,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Analysts Set New Price Targets

PPL has been the topic of a number of recent analyst reports. Bank of America cut their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings cut shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Jefferies Financial Group dropped their price objective on PPL from $48.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets cut their target price on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. boosted their price target on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling at PPL

In other PPL news, Director Kristen Robinson sold 37,107 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value 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 $12,397,522.56. The trade was a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by corporate insiders.

PPL Trading Down 0.1%

Shares of PPL stock opened at $34.97 on Thursday. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The firm’s 50 day moving average price is $35.78 and its two-hundred day moving average price is $36.75.

PPL (NYSE:PPL) last released 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). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $0.32 EPS. 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. On average, analysts anticipate that PPL Corporation will post 1.94 EPS for the current year.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s dividend payout ratio 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.