Corient Private Wealth LP Purchases Shares of 355,126 PPL Corporation $PPL

Key Points

• Corient Private Wealth purchased 355,126 shares of PPL Corporation worth approximately $12.9 million, while institutional investors collectively own 76.99% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $41, compared with PPL’s reported trading price of $34.20.
• PPL reported quarterly EPS of $0.33, slightly below expectations, and revenue of $2.11 billion. The company declared a quarterly dividend of $0.285, representing a 3.3% annualized yield.

Corient Private Wealth LP purchased a new stake in shares of PPL Corporation (NYSE:PPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 355,126 shares of the utilities provider's stock, valued at approximately $12,910,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new position in PPL during the second quarter valued at about $1,893,000. Hsbc Holdings PLC acquired a new position in PPL during the second quarter worth about $48,651,000. Landscape Capital Management L.L.C. bought a new stake in PPL in the second quarter worth about $5,111,000. GQG Partners LLC bought a new stake in PPL in the second quarter worth about $5,328,000. Finally, Korea Investment CORP acquired a new stake in PPL in the 2nd quarter valued at about $27,134,000. Institutional investors own 76.99% of the company's stock.

Analyst Ratings Changes

PPL has been the subject of several research reports. Mizuho upgraded shares of PPL to a "hold" rating in a research report on Friday, July 3rd. Evercore set a $42.00 target price on shares of PPL in a report on Monday, August 17th. BMO Capital Markets cut their target price 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. Weiss Ratings cut shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Finally, Morgan Stanley decreased their price target on shares of PPL from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, PPL has a consensus rating of "Moderate Buy" and an average target price of $41.00.

PPL Trading Down 0.7%

NYSE PPL opened at $34.20 on Friday. The firm's 50 day moving average price is $35.74 and its two-hundred day moving average price is $36.72. 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 Corporation has a twelve month low of $33.17 and a twelve month high of $40.10. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.34 and a beta of 0.57.

PPL (NYSE:PPL - Get Free Report) last released its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $2.11 billion during 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 revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts anticipate that PPL Corporation will post 1.94 EPS for the current year.

PPL Dividend Announcement

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 paid a $0.285 dividend. 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 is currently 67.46%.

Insider Activity

In related news, Director Kristen Robinson sold 37,107 shares of the stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares of the company's stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer owned 561,482 shares of the company's stock, valued at $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by corporate 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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