Kayne Anderson Capital Advisors LP Takes $10.10 Million Position in PPL Corporation $PPL

Kayne Anderson Capital Advisors LP acquired a new position in shares of PPL Corporation (NYSE:PPL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 277,802 shares of the utilities provider’s stock, valued at approximately $10,098,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PPL. GSA Capital Partners LLP grew its holdings in 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 purchasing an additional 30,313 shares during the period. Chancellor Financial Group WB LP bought a new stake in PPL in the second quarter valued at approximately $1,286,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 valued at $66,786,000 after buying an additional 157,005 shares during the last quarter. Strategic Investment Advisors MI lifted its position in shares of PPL by 256.5% in the first quarter. Strategic Investment Advisors MI now owns 35,277 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 25,382 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of PPL by 23.7% during the 2nd 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 period. 76.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction dated 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. The trade was a 5.87% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.34% of the company’s stock.

PPL Trading Down 0.8%

Shares of NYSE:PPL opened at $35.21 on Friday. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The business has a 50 day moving average of $35.86 and a 200-day moving average of $36.77. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market cap of $26.50 billion, a PE ratio of 20.83, a P/E/G ratio of 2.43 and a beta of 0.57.

PPL (NYSE:PPL) last announced its 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). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.PPL’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities research analysts forecast that PPL Corporation will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PPL shares. JPMorgan Chase & Co. boosted their target price on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. BTIG Research reaffirmed a “buy” rating on shares of PPL in a report on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of PPL in a research report on Wednesday, July 22nd. Mizuho upgraded shares of PPL to a “hold” rating in a report on Friday, July 3rd. Finally, Evercore set a $42.00 price objective on shares of PPL in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.42.

PPL Profile

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.