Voleon Capital Management LP Acquires Shares of 9,575 PPL Corporation $PPL

Voleon Capital Management LP bought a new position in shares of PPL Corporation (NYSE:PPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,575 shares of the utilities provider’s stock, valued at approximately $346,000.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PPL shares. Wall Street Zen lowered shares of PPL from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Morgan Stanley reissued an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Finally, Barclays upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $36.70.

PPL Trading Up 0.3%

Shares of PPL stock opened at $35.74 on Wednesday. The stock has a market capitalization of $26.43 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.56 and a beta of 0.65. PPL Corporation has a 52-week low of $31.22 and a 52-week high of $37.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59. The stock’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $35.15.

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

PPL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.0%. PPL’s dividend payout ratio is currently 81.34%.

Insider Activity

In other news, COO David J. Bonenberger sold 2,165 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total value of $77,636.90. Following the completion of the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at approximately $1,633,781.60. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

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.