BROOKFIELD Corp ON Has $36.05 Million Stake in PPL Corporation $PPL

Key Points

• BROOKFIELD Corp ON increased its stake in PPL Corporation by 38.2%, holding 998,207 shares valued at approximately $36.05 million as of the most recent reporting period.
• PPL Corporation reported $0.32 EPS for the last quarter, missing analyst expectations, although revenue of $2.03 billion exceeded estimates of $1.99 billion.
• The company declared a quarterly dividend of $0.2725 per share, indicating a 3.0% annualized yield and a payout ratio of 81.34%.

BROOKFIELD Corp ON boosted its holdings in shares of PPL Corporation (NYSE:PPL - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 998,207 shares of the utilities provider's stock after purchasing an additional 275,693 shares during the quarter. BROOKFIELD Corp ON owned about 0.14% of PPL worth $36,045,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank boosted its holdings in PPL by 11.8% in the 1st quarter. First Hawaiian Bank now owns 45,625 shares of the utilities provider's stock valued at $1,648,000 after purchasing an additional 4,813 shares during the period. Strs Ohio acquired a new position in shares of PPL in the 1st quarter worth approximately $3,121,000. Intrua Financial LLC bought a new stake in PPL during the 1st quarter worth approximately $222,000. Belpointe Asset Management LLC bought a new stake in PPL during the 1st quarter worth approximately $540,000. Finally, Fortis Capital Advisors LLC acquired a new stake in PPL during the 1st quarter valued at $540,000. 76.99% of the stock is owned by institutional investors.

PPL Trading Up 0.0%

NYSE PPL traded up $0.01 during trading hours on Wednesday, hitting $35.50. The company's stock had a trading volume of 1,091,066 shares, compared to its average volume of 5,518,594. The stock has a fifty day moving average of $36.10 and a 200 day moving average of $35.18. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. PPL Corporation has a twelve month low of $31.22 and a twelve month high of $37.38. The firm has a market capitalization of $26.25 billion, a P/E ratio of 26.49, a PEG ratio of 2.58 and a beta of 0.65.

PPL (NYSE:PPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.05). PPL had a net margin of 11.22% and a return on equity of 8.81%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned $0.38 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Equities research analysts forecast that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.2725 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 annualized dividend and a yield of 3.1%. PPL's payout ratio is currently 81.34%.

Insider Transactions at PPL

In other PPL news, COO David J. Bonenberger sold 2,165 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the completion of the sale, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PPL shares. Morgan Stanley reissued an "overweight" rating on shares of PPL in a research note on Thursday, August 21st. Barclays upgraded shares of PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen cut shares of PPL from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, PPL presently has a consensus rating of "Buy" and a consensus target price of $36.67.

PPL Company Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.