Cullen Capital Management LLC Takes $54.61 Million Position in PPL Corporation $PPL

Key Points

• Cullen Capital Management initiated a $54.61 million position in PPL, purchasing 1.5 million shares; institutional investors collectively own 76.99% of the utility company.
• PPL’s latest quarterly results missed estimates slightly, with EPS of $0.33 versus $0.34 expected and revenue of $2.11 billion versus $2.19 billion forecast. The company reaffirmed fiscal 2026 EPS guidance of $1.90–$1.98.
• PPL declared a quarterly dividend of $0.285 per share, equivalent to a 3.3% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $41.33, above the reported $35.04 share price.

Cullen Capital Management LLC bought a new position in shares of PPL Corporation (NYSE:PPL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,502,353 shares of the utilities provider's stock, valued at approximately $54,611,000. Cullen Capital Management LLC owned about 0.20% of PPL as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allied Private Wealth LLC acquired a new position in PPL in the 2nd quarter valued at about $42,000. Covestor Ltd lifted its position in PPL by 206.7% during the second quarter. Covestor Ltd now owns 1,291 shares of the utilities provider's stock worth $47,000 after acquiring an additional 870 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of PPL by 72.5% during the first quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider's stock worth $99,000 after acquiring an additional 1,087 shares during the period. Rossby Financial LCC grew its position in shares of PPL by 70.0% in the fourth quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider's stock valued at $105,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of PPL in the fourth quarter valued at approximately $119,000. Institutional investors own 76.99% of the company's stock.

PPL Trading Up 1.9%

Shares of NYSE:PPL opened at $35.04 on Tuesday. The business's 50 day simple moving average is $35.81 and its 200 day simple moving average is $36.75. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The company has a market capitalization of $26.37 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.35 and a beta of 0.57.

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 the consensus estimate of $0.34 by ($0.01). The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. PPL's revenue was up 4.2% on a year-over-year basis. During the same period in the prior 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 Dividend Announcement

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

Insider Transactions at PPL

In other news, CFO Ashley F. Johnson sold 34,993 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the sale, the chief financial officer owned 561,482 shares of the company's stock, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the stock in a transaction that occurred 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 sale, the director owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PPL. Mizuho raised PPL to a "hold" rating in a report on Friday, July 3rd. BMO Capital Markets decreased their price objective on PPL from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Weiss Ratings cut PPL from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, June 18th. BTIG Research reissued a "buy" rating on shares of PPL in a report on Thursday, June 4th. Finally, Evercore set a $42.00 target price on shares of PPL in a research report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.33.

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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