Chancellor Financial Group WB LP Purchases New Position in PPL Corporation $PPL

Key Points

• Chancellor Financial Group WB LP acquired 35,376 shares of PPL worth approximately $1.29 million, while other institutions also increased their holdings. Institutional investors own 76.99% of PPL.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $41.42.
• PPL’s latest quarterly results slightly missed estimates, reporting $0.33 in EPS versus $0.34 expected and $2.11 billion in revenue versus $2.19 billion expected. The stock opened at $35.66, near the lower half of its 52-week range.

Chancellor Financial Group WB LP acquired a new position in PPL Corporation (NYSE:PPL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,376 shares of the utilities provider's stock, valued at approximately $1,286,000. PPL comprises 0.8% of Chancellor Financial Group WB LP's portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PPL. Deutsche Bank AG increased its holdings in shares of PPL by 23.7% in the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider's stock worth $74,762,000 after purchasing an additional 393,748 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of PPL by 9.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider's stock worth $66,786,000 after purchasing an additional 157,005 shares during the last quarter. Reaves W H & Co. Inc. lifted its holdings in shares of 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 purchasing an additional 88,531 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of PPL during the second quarter valued at $1,881,000. Finally, Captrust Financial Advisors boosted its position in shares of PPL by 62.8% during the fourth quarter. Captrust Financial Advisors now owns 115,776 shares of the utilities provider's stock valued at $4,054,000 after buying an additional 44,657 shares during the last quarter. 76.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PPL. Bank of America reduced their price objective on PPL from $42.00 to $39.00 and set a "buy" rating for the company in a report on Monday, July 20th. Mizuho raised shares of PPL to a "hold" rating in a report on Friday, July 3rd. BMO Capital Markets reduced their price target on shares of PPL from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Morgan Stanley reissued an "overweight" rating on shares of PPL in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company restated an "overweight" rating on shares of PPL in a research report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.42.

Insiders Place Their Bets

In other news, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction that occurred on Thursday, July 23rd. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the transaction, the director directly owned 222,897 shares of the company's stock, valued at $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.34% of the company's stock.

PPL Stock Down 0.8%

PPL opened at $35.66 on Wednesday. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.46 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. The firm's fifty day moving average is $35.87 and its 200 day moving average is $36.78. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10.

PPL (NYSE:PPL - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts forecast that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

PPL 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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