Venturi Wealth Management LLC Has $411,000 Stock Holdings in PPL Corporation $PPL

Venturi Wealth Management LLC lifted its position in PPL Corporation (NYSE:PPL) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,141 shares of the utilities provider’s stock after acquiring an additional 646 shares during the period. Venturi Wealth Management LLC’s holdings in PPL were worth $411,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its stake in PPL by 141.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 423 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in PPL by 94.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 397 shares in the last quarter. Ancora Advisors LLC grew its holdings in PPL by 8,350.0% during the first quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 835 shares during the period. TruNorth Capital Management LLC bought a new position in PPL during the first quarter worth about $32,000. Finally, Truvestments Capital LLC grew its holdings in PPL by 5,352.9% during the first quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 910 shares during the period. 76.99% of the stock is currently owned by institutional investors.

PPL Stock Performance

NYSE:PPL opened at $36.91 on Friday. The company has a fifty day moving average of $36.40 and a 200-day moving average of $35.40. The firm has a market capitalization of $27.30 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.63 and a beta of 0.66. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. PPL Corporation has a twelve month low of $31.22 and a twelve month high of $37.81.

PPL (NYSE:PPL) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, sell-side analysts anticipate that PPL Corporation will post 1.83 EPS for the current year.

PPL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, September 10th. PPL’s dividend payout ratio (DPR) is currently 81.34%.

Insider Activity

In related news, COO David J. Bonenberger sold 2,165 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PPL shares. Barclays upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of PPL in a research note on Wednesday. Wall Street Zen cut PPL from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Morgan Stanley cut their target price on PPL from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of PPL in a research note on Monday. They set an “outperform” rating and a $43.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, PPL currently has a consensus rating of “Buy” and a consensus price target of $37.40.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.