Bank of New York Mellon Corp Cuts Stock Position in PPL Corporation $PPL

Bank of New York Mellon Corp cut its holdings in shares of PPL Corporation (NYSE:PPL - Free Report) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,450,803 shares of the utilities provider's stock after selling 247,178 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.59% of PPL worth $161,787,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Focus Partners Advisor Solutions LLC lifted its holdings in PPL by 235.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 19,789 shares of the utilities provider's stock worth $719,000 after purchasing an additional 13,890 shares in the last quarter. GSA Capital Partners LLP grew its holdings in PPL by 569.8% during the 2nd quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider's stock valued at $1,295,000 after buying an additional 30,313 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in PPL by 2.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 355,841 shares of the utilities provider's stock valued at $12,935,000 after buying an additional 10,015 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of PPL during the second quarter worth $42,000. Finally, Valeo Financial Advisors LLC grew its stake in PPL by 21.4% during the second quarter. Valeo Financial Advisors LLC now owns 7,378 shares of the utilities provider's stock valued at $268,000 after acquiring an additional 1,299 shares in the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other PPL news, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the completion of the transaction, the chief financial officer directly owned 561,482 shares of the company's stock, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their position. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by company insiders.

PPL Trading Up 0.1%

PPL stock opened at $34.42 on Monday. The stock has a 50-day moving average of $35.83 and a two-hundred day moving average of $36.76. The stock has a market cap of $25.90 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. PPL Corporation has a one year low of $33.17 and a one year high of $40.10. 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 for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. PPL's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, research analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on PPL shares. JPMorgan Chase & Co. boosted their price target on shares of PPL from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Weiss Ratings cut shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, June 18th. Mizuho raised PPL to a "hold" rating in a research note on Friday, July 3rd. Barclays upped their price target on shares of PPL from $39.00 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets reduced their price target on shares of PPL from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PPL has an average rating of "Moderate Buy" and a consensus target price of $41.33.

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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