Engineers Gate Manager LP Has $22.48 Million Position in PPL Corporation $PPL

Key Points

• Institutional ownership increased: Engineers Gate Manager LP more than doubled its PPL position to 618,448 shares, valued at approximately $22.48 million. Institutional investors collectively own 76.99% of PPL.
• Analysts remain broadly positive: PPL has a “Moderate Buy” consensus rating from 13 analysts, with an average price target of $41 versus the reported share price of $34.59.
• Quarterly results slightly missed expectations: PPL reported adjusted earnings of $0.33 per share and revenue of $2.11 billion, below consensus estimates, while maintaining fiscal-year 2026 guidance of $1.90–$1.98 EPS. The company also declared a quarterly dividend of $0.285 per share, yielding about 3.3% annually.

Engineers Gate Manager LP lifted its position in shares of PPL Corporation (NYSE:PPL - Free Report) by 104.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 618,448 shares of the utilities provider's stock after purchasing an additional 315,788 shares during the period. Engineers Gate Manager LP owned 0.08% of PPL worth $22,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. California State Teachers Retirement System raised its stake in PPL by 3,584.3% in the second quarter. California State Teachers Retirement System now owns 31,773,717 shares of the utilities provider's stock valued at $1,154,975,000 after buying an additional 30,911,313 shares during the period. Legal & General Group Plc bought a new position in PPL during the second quarter worth $187,326,000. Reaves W H & Co. Inc. boosted its position in 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 worth $154,957,000 after purchasing an additional 88,531 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PPL by 7.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider's stock valued at $114,787,000 after purchasing an additional 208,820 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of PPL by 23.7% in the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider's stock valued at $74,762,000 after purchasing an additional 393,748 shares during the last quarter. 76.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PPL shares. Weiss Ratings cut shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of PPL from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. BMO Capital Markets decreased their target price on PPL from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Barclays increased their target price on PPL from $39.00 to $41.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group dropped their price target on PPL from $48.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, August 25th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, PPL presently has an average rating of "Moderate Buy" and an average price target of $41.00.

PPL Stock Down 1.4%

NYSE PPL opened at $34.59 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. PPL Corporation has a 1-year low of $33.17 and a 1-year high of $40.10. The company has a 50 day moving average of $35.46 and a 200-day moving average of $36.60. The company has a market cap of $26.03 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 3.43 and a beta of 0.57.

PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) 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 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities research analysts expect that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

PPL Dividend Announcement

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

Insider Buying and Selling at PPL

In related news, Director Kristen Robinson sold 37,107 shares of the company's stock in a transaction dated 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 owned 222,897 shares of the company's stock, valued at $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.34% of the company's stock.

About PPL

PPL Corporation NYSE: PPL is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas to residential, commercial, and industrial customers, while also operating and maintaining generation, transmission, and distribution infrastructure.

PPL's Pennsylvania operations are conducted through PPL Electric Utilities, which provides electric delivery service across much of central and eastern Pennsylvania.

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