NewEdge Wealth LLC Takes $1.35 Million Position in PPL Corporation $PPL

NewEdge Wealth LLC acquired a new stake in PPL Corporation (NYSE:PPL) in the second quarter, Holdings Channel.com reports. The fund acquired 37,139 shares of the utilities provider’s stock, valued at approximately $1,350,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in PPL by 3.8% in the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 341 shares during the last quarter. Cary Street Partners Financial LLC raised its position in shares of PPL by 6.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after buying an additional 343 shares during the period. Ethos Financial Group LLC raised its position in shares of PPL by 0.9% during the 1st quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock valued at $1,723,000 after buying an additional 429 shares during the period. Plimoth Trust Co. LLC lifted its holdings in PPL by 3.8% in the first quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 450 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. grew its position in PPL by 7.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 7,411 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 487 shares during the period. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Stock Performance

NYSE:PPL opened at $34.42 on Friday. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The company has a 50 day moving average price of $35.83 and a 200 day moving average price of $36.75. The stock has a market capitalization of $25.90 billion, a P/E ratio of 20.37, a PEG ratio of 2.41 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts forecast that PPL Corporation will post 1.94 EPS for the current year.

PPL Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Insider Buying and Selling at PPL

In related news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the transaction, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This trade represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction dated 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 transaction, the director directly owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PPL. Weiss Ratings cut 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 PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. BTIG Research reiterated a “buy” rating on shares of PPL in a report on Thursday, June 4th. Barclays raised their price objective on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, 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 report on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.33.

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.