15,415 Shares in PPL Corporation $PPL Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in PPL Corporation (NYSE:PPL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,415 shares of the utilities provider’s stock, valued at approximately $560,000.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of PPL by 3.8% in the third quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 341 shares during the last quarter. Cary Street Partners Financial LLC boosted its stake in shares of PPL by 6.9% during the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 343 shares during the last quarter. Ethos Financial Group LLC boosted its stake in shares of PPL by 0.9% during the first quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock valued at $1,723,000 after acquiring an additional 429 shares during the last quarter. Plimoth Trust Co. LLC increased its position in PPL by 3.8% during the 1st quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 450 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in PPL by 7.0% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 7,411 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 487 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insider Activity at PPL

In related news, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the company’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 transaction of $929,530.35. Following the transaction, the director directly owned 222,897 shares of the company’s stock, valued at $5,583,569.85. This trade represents a 14.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. BMO Capital Markets decreased their price target on shares of PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Barclays lifted their price target on shares of PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Mizuho raised shares of PPL to a “hold” rating in a research note on Friday, July 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

PPL Stock Performance

PPL stock opened at $34.45 on Friday. The firm has a market capitalization of $25.93 billion, a P/E ratio of 20.39, a PEG ratio of 2.40 and a beta of 0.57. The stock has a fifty day moving average price of $35.76 and a 200 day moving average price of $36.74. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32.

PPL (NYSE:PPL) last released its 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 business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts anticipate that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

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