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 SEC. The institutional investor acquired 8,216 shares of the utilities provider's stock, valued at approximately $297,000.
Several other hedge funds have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. increased its position in PPL by 141.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider's stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of PPL by 94.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider's stock worth $30,000 after purchasing an additional 397 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of PPL by 8,350.0% during the 1st quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider's stock worth $31,000 after purchasing an additional 835 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of PPL during the 1st quarter worth about $32,000. Finally, Truvestments Capital LLC raised its stake in shares of PPL by 5,352.9% during the 1st quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider's stock worth $33,000 after purchasing an additional 910 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.
PPL Stock Performance
PPL traded down $0.17 during midday trading on Monday, reaching $35.99. The company's stock had a trading volume of 2,970,001 shares, compared to its average volume of 4,547,422. The stock has a market cap of $26.62 billion, a P/E ratio of 26.86, a PEG ratio of 2.60 and a beta of 0.65. The company has a fifty day simple moving average of $36.06 and a 200 day simple moving average of $35.18. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. PPL Corporation has a twelve month low of $31.22 and a twelve month high of $37.38.
PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.05). The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.PPL's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Research analysts expect that PPL Corporation will post 1.83 earnings per share for the current year.
PPL Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.09 annualized dividend and a yield of 3.0%. PPL's payout ratio is currently 81.34%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on PPL shares. Barclays raised PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Wall Street Zen downgraded PPL from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Morgan Stanley reissued an "overweight" rating on shares of PPL in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $36.70.
Read Our Latest Research Report on PPL
Insider Buying and Selling
In related news, COO David J. Bonenberger sold 2,165 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the sale, the chief operating officer owned 45,560 shares of the company's stock, valued at $1,633,781.60. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
PPL Profile
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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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