107,140 Shares in PPL Corporation $PPL Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in PPL Corporation (NYSE:PPL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 107,140 shares of the utilities provider's stock, valued at approximately $3,895,000.

Other institutional investors also recently added to or reduced their stakes in the company. Magellan Asset Management Ltd acquired a new position in shares of PPL during the second quarter worth approximately $28,297,000. Haverford Trust Co bought a new stake in shares of PPL in the second quarter valued at approximately $858,000. Bank of Nova Scotia acquired a new stake in shares of PPL in the second quarter worth $6,677,000. Compass Financial Management LLC acquired a new stake in shares of PPL in the second quarter worth $151,000. Finally, Elevation Point Wealth Partners LLC bought a new position in PPL during the second quarter worth $564,000. 76.99% of the stock is owned by institutional investors.

PPL Stock Performance

Shares of NYSE PPL opened at $35.03 on Wednesday. The business has a fifty day simple moving average of $35.79 and a 200 day simple moving average of $36.75. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $26.36 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.40 and a beta of 0.57. PPL Corporation has a one year low of $33.17 and a one year high of $40.10.

PPL (NYSE:PPL - Get Free Report) last posted its quarterly 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts expect that PPL Corporation will post 1.94 EPS for the current year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. PPL's payout ratio is presently 67.46%.

Insider Activity

In related news, Director Kristen Robinson sold 37,107 shares of the 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 owned 222,897 shares of the company's stock, valued at $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PPL shares. BTIG Research reiterated a "buy" rating on shares of PPL in a research note on Thursday, June 4th. BMO Capital Markets decreased their price target on shares of PPL from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Jefferies Financial Group dropped their price objective on shares of PPL from $48.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday. Mizuho raised shares of PPL to a "hold" rating in a research report on Friday, July 3rd. Finally, Evercore set a $42.00 target price on shares of PPL in a research note on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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.

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