Alyeska Investment Group L.P. Makes New $23.98 Million Investment in PPL Corporation $PPL

Key Points

• Alyeska Investment Group acquired 659,607 PPL shares worth approximately $23.98 million, while institutional investors and hedge funds collectively own 76.99% of the company.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and a $41 average price target versus PPL’s $34.19 share price.
• PPL reported quarterly revenue of $2.11 billion and EPS of $0.33, slightly below expectations, but revenue increased 4.2% year over year. The company also declared a $0.285 quarterly dividend, representing a 3.3% annualized yield.

Alyeska Investment Group L.P. acquired a new stake in PPL Corporation (NYSE:PPL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 659,607 shares of the utilities provider's stock, valued at approximately $23,977,000. Alyeska Investment Group L.P. owned about 0.09% of PPL as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennessy Advisors Inc. raised its position in shares of PPL by 3.4% during the second quarter. Hennessy Advisors Inc. now owns 162,119 shares of the utilities provider's stock worth $5,893,000 after acquiring an additional 5,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PPL by 7.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider's stock worth $114,787,000 after purchasing an additional 208,820 shares during the period. New Mexico Educational Retirement Board raised its holdings in PPL by 8.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 36,873 shares of the utilities provider's stock worth $1,340,000 after purchasing an additional 2,900 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in PPL by 10.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 22,660 shares of the utilities provider's stock worth $824,000 after purchasing an additional 2,191 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA lifted its position in PPL by 2.3% during the 2nd quarter. Roffman Miller Associates Inc. PA now owns 361,427 shares of the utilities provider's stock valued at $13,138,000 after purchasing an additional 8,032 shares during the period. 76.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PPL has been the topic of several analyst reports. Bank of America cut their price objective 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. Evercore set a $42.00 target price on shares of PPL in a report on Monday, August 17th. Weiss Ratings lowered shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Barclays upped their target price on shares of PPL from $39.00 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. increased their price target on PPL from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, PPL presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

PPL Stock Down 0.0%

Shares of NYSE:PPL opened at $34.19 on Tuesday. The company has a 50 day moving average price of $35.71 and a two-hundred day moving average price of $36.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The company has a market capitalization of $25.73 billion, a PE ratio of 20.23, a PEG ratio of 2.34 and a beta of 0.57. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10.

PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $0.32 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts forecast that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

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

Insider Activity at PPL

In other PPL 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 transaction of $929,530.35. Following the sale, the director directly owned 222,897 shares in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by insiders.

About PPL

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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