PPL Corporation $PPL Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its holdings in PPL Corporation (NYSE:PPL) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,163 shares of the utilities provider’s stock after buying an additional 24,255 shares during the period. Roffman Miller Associates Inc. PA’s holdings in PPL were worth $12,009,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PPL. First Bank & Trust increased its holdings in shares of PPL by 1.0% in the 3rd quarter. First Bank & Trust now owns 45,405 shares of the utilities provider’s stock valued at $1,687,000 after acquiring an additional 466 shares during the last quarter. Sound Income Strategies LLC lifted its stake in PPL by 322.5% during the third quarter. Sound Income Strategies LLC now owns 959 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 732 shares during the last quarter. Stolper Co boosted its holdings in PPL by 2.2% in the third quarter. Stolper Co now owns 55,393 shares of the utilities provider’s stock valued at $2,058,000 after purchasing an additional 1,204 shares in the last quarter. Old Port Advisors raised its holdings in PPL by 53.0% during the third quarter. Old Port Advisors now owns 31,948 shares of the utilities provider’s stock worth $1,187,000 after purchasing an additional 11,063 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of PPL by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 26,816 shares of the utilities provider’s stock worth $996,000 after buying an additional 3,629 shares during the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

PPL Stock Up 1.2%

Shares of PPL stock opened at $34.69 on Tuesday. PPL Corporation has a one year low of $31.22 and a one year high of $38.26. The company has a market cap of $25.66 billion, a P/E ratio of 23.44, a PEG ratio of 2.58 and a beta of 0.69. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.66 and a current ratio of 0.77. The firm has a fifty day moving average of $36.02 and a two-hundred day moving average of $35.76.

PPL (NYSE:PPL) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. PPL had a net margin of 12.16% and a return on equity of 9.08%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. On average, analysts forecast that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 10th. PPL’s dividend payout ratio is 73.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PPL shares. JPMorgan Chase & Co. lowered their target price on shares of PPL from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Morgan Stanley restated an “overweight” rating and issued a $40.00 price objective on shares of PPL in a research note on Thursday, November 20th. BMO Capital Markets boosted their target price on PPL from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company raised their price target on PPL from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of PPL in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $41.20.

PPL Company 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.