Integrity Alliance LLC. acquired a new position in PPL Corporation (NYSE:PPL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,216 shares of the utilities provider's stock, valued at approximately $297,000.
Several other hedge funds have also recently made changes to their positions in the business. Ransom Advisory Ltd bought a new position in shares of PPL in the 1st quarter worth about $119,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PPL by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,770,101 shares of the utilities provider's stock worth $100,028,000 after acquiring an additional 187,083 shares in the last quarter. Woodline Partners LP raised its position in shares of PPL by 40.7% in the 1st quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider's stock worth $2,252,000 after acquiring an additional 18,057 shares in the last quarter. Zimmer Partners LP bought a new position in shares of PPL in the 1st quarter worth about $3,611,000. Finally, Empowered Funds LLC raised its position in shares of PPL by 39.5% in the 1st quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider's stock worth $692,000 after acquiring an additional 5,428 shares in the last quarter. 76.99% of the stock is owned by institutional investors.
Insider Activity at PPL
In other PPL news, COO David J. Bonenberger sold 2,165 shares of PPL stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total transaction of $77,636.90. Following the transaction, the chief operating officer owned 45,560 shares of the company's stock, valued at $1,633,781.60. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
PPL Stock Down 0.1%
PPL stock traded down $0.03 during mid-day trading on Thursday, reaching $35.59. 3,795,269 shares of the company traded hands, compared to its average volume of 4,213,472. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.56 and a beta of 0.65. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. PPL Corporation has a fifty-two week low of $31.22 and a fifty-two week high of $37.38. The firm's 50 day moving average price is $36.16 and its 200 day moving average price is $35.18.
PPL (NYSE:PPL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.05). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. PPL's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, equities research analysts predict that PPL Corporation will post 1.83 EPS for the current fiscal year.
PPL Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.1%. PPL's dividend payout ratio (DPR) is currently 81.34%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Wall Street Zen downgraded PPL from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Morgan Stanley restated an "overweight" rating on shares of PPL in a research note on Thursday, August 21st. Finally, Barclays upgraded PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, PPL currently has a consensus rating of "Buy" and an average target price of $36.67.
Check Out Our Latest Stock Analysis on PPL
PPL Profile
(
Free Report)
PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.
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