52,080 Shares in PPL Corporation $PPL Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in PPL Corporation (NYSE:PPL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,080 shares of the utilities provider's stock, valued at approximately $1,893,000.

A number of other institutional investors have also recently bought and sold shares of PPL. Deutsche Bank AG increased its position in shares of PPL by 23.7% during the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider's stock valued at $74,762,000 after purchasing an additional 393,748 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in shares of PPL in the 2nd quarter worth about $10,098,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of PPL by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider's stock worth $66,786,000 after buying an additional 157,005 shares during the last quarter. Reaves W H & Co. Inc. grew its position in PPL by 2.0% during the fourth quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider's stock valued at $154,957,000 after buying an additional 88,531 shares during the period. Finally, Portfolio Design Labs LLC bought a new position in PPL during the second quarter valued at about $2,594,000. Institutional investors own 76.99% of the company's stock.

Insider Activity at PPL

In related news, Director Kristen Robinson sold 37,107 shares of the firm's stock in a transaction that occurred on 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 trade represents a 14.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $772,645.44. Following the completion of the transaction, the chief financial officer owned 561,482 shares of the company's stock, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.34% of the company's stock.

PPL Trading Down 2.2%

Shares of PPL opened at $34.42 on Friday. The business has a 50-day moving average of $35.83 and a 200 day moving average of $36.75. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The firm has a market cap of $25.90 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, research analysts forecast that PPL Corporation will post 1.94 EPS for the current year.

PPL Announces Dividend

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

Analyst Ratings Changes

PPL has been the subject of a number of research analyst reports. BTIG Research restated a "buy" rating on shares of PPL in a report on Thursday, June 4th. Barclays boosted their target price on shares of PPL from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Mizuho raised shares of PPL to a "hold" rating in a research report on Friday, July 3rd. Morgan Stanley decreased their price target on shares of PPL from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Bank of America lowered their price target on shares of PPL from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, PPL has an average rating of "Moderate Buy" and an average target price of $41.33.

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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