Deutsche Bank AG lifted its stake in shares of PPL Corporation (NYSE:PPL - Free Report) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,056,733 shares of the utilities provider's stock after purchasing an additional 393,748 shares during the quarter. Deutsche Bank AG owned about 0.27% of PPL worth $74,762,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of PPL. GSA Capital Partners LLP grew its stake in shares of PPL by 569.8% in the 2nd quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider's stock worth $1,295,000 after acquiring an additional 30,313 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 valued at $66,786,000 after acquiring an additional 157,005 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in shares of PPL by 256.5% in the first quarter. Strategic Investment Advisors MI now owns 35,277 shares of the utilities provider's stock valued at $1,348,000 after acquiring an additional 25,382 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of PPL during the second quarter valued at approximately $584,000. Finally, Allstate Corp increased its position in shares of PPL by 101.4% during the fourth quarter. Allstate Corp now owns 54,701 shares of the utilities provider's stock valued at $1,916,000 after acquiring an additional 27,538 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PPL. Morgan Stanley reissued an "overweight" rating on shares of PPL in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on PPL from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. BTIG Research reissued a "buy" rating on shares of PPL in a report on Thursday, June 4th. Weiss Ratings lowered shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, June 18th. Finally, Bank of America lowered their price objective on shares of PPL from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.42.
Get Our Latest Report on PPL
Insider Activity
In other news, CFO Ashley F. Johnson sold 34,993 shares of the business'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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the business's stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the sale, the director directly 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 disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by company insiders.
PPL Stock Down 0.8%
PPL stock opened at $35.21 on Friday. 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 company has a market capitalization of $26.50 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.43 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The stock has a fifty day moving average of $35.86 and a 200-day moving average of $36.77.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities research analysts predict that PPL Corporation will post 1.94 earnings per share for the current year.
PPL Company Profile
(
Free Report)
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.
See Also
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