Bahl & Gaynor LLC Purchases New Position in PPL Corporation $PPL

Key Points

• Bahl & Gaynor established a significant new PPL position, buying 4,045,921 shares worth about $133.1 million, or roughly 0.54% of the company.
• PPL beat quarterly estimates, reporting EPS of $0.54 versus $0.53 expected and revenue of $2.50 billion, up 11.5% year over year. The company set fiscal 2026 EPS guidance of $1.92–$1.96.
• PPL’s quarterly dividend is $0.285 per share, equivalent to an annualized $1.14 and a 3.2% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $40.12.

Bahl & Gaynor LLC purchased a new stake in shares of PPL Corporation (NYSE:PPL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,045,921 shares of the utilities provider's stock, valued at approximately $133,070,000. Bahl & Gaynor LLC owned about 0.54% of PPL at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PPL. Lido Advisors LLC grew its stake in shares of PPL by 9.6% in the third quarter. Lido Advisors LLC now owns 123,445 shares of the utilities provider's stock worth $4,060,000 after purchasing an additional 10,850 shares in the last quarter. Keybank National Association OH raised its stake in shares of PPL by 55.7% during the third quarter. Keybank National Association OH now owns 23,742 shares of the utilities provider's stock valued at $781,000 after purchasing an additional 8,498 shares in the last quarter. AlphaCore Capital LLC grew its position in PPL by 114.5% in the 3rd quarter. AlphaCore Capital LLC now owns 17,213 shares of the utilities provider's stock valued at $569,000 after buying an additional 9,189 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in PPL by 25.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 574,413 shares of the utilities provider's stock valued at $18,818,000 after buying an additional 115,168 shares in the last quarter. Finally, StoneRidge PMG Advisors LLC acquired a new position in PPL during the 3rd quarter valued at about $454,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PPL

In other news, EVP Wendy Stark sold 5,406 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $35.11, for a total transaction of $189,804.66. Following the completion of the sale, the executive vice president directly owned 99,220 shares of the company's stock, valued at $3,483,614.20. This represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

PPL Trading Up 0.0%

Shares of NYSE:PPL opened at $35.72 on Wednesday. The stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 3.49 and a beta of 0.55. PPL Corporation has a 1-year low of $31.56 and a 1-year high of $40.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.60 and a current ratio of 0.75. The company has a 50 day moving average price of $34.27 and a 200 day moving average price of $36.05.

PPL (NYSE:PPL - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. PPL had a net margin of 13.62% and a return on equity of 9.58%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. PPL has set its FY 2026 guidance at 1.920-1.960 EPS. On average, research analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.2850 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. PPL's payout ratio is 65.14%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada started coverage on shares of PPL in a research report on Tuesday, September 15th. They set a "sector perform" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. upped their target price on PPL from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Wells Fargo & Company increased their price target on PPL from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. HSBC initiated coverage on PPL in a research report on Thursday, October 22nd. They set a "buy" rating and a $42.00 price target on the stock. Finally, Truist Financial started coverage on PPL in a research note on Tuesday, October 27th. They issued a "buy" rating and a $41.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.12.

PPL Company Profile

PPL Corporation is an energy company that owns regulated electric and natural gas utilities. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. PPL serves customers in Pennsylvania, Kentucky and Rhode Island through subsidiaries including PPL Electric Utilities, Louisville Gas and Electric Company, Kentucky Utilities and Rhode Island Energy. Its utility operations maintain the infrastructure used to provide energy and support related customer services.

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