MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 116,385 Shares of PPL Corporation $PPL

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PPL Corporation by 165.1% during Q1, acquiring an additional 116,385 shares, bringing its total holdings to 186,891 shares valued at approximately $6.75 million.
• PPL Corporation's stock has received mixed analyst ratings, with a consensus rating of "Buy" and a target price of $36.70, while some analysts have downgraded the stock.
• The company has announced a quarterly dividend of $0.2725 per share, which will be paid on October 1st, contributing to an annualized yield of 3.0%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PPL Corporation (NYSE:PPL - Free Report) by 165.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,891 shares of the utilities provider's stock after acquiring an additional 116,385 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in PPL were worth $6,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its holdings in shares of 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 buying an additional 423 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of PPL by 94.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider's stock worth $30,000 after buying an additional 397 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of PPL by 8,350.0% in the 1st quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider's stock worth $31,000 after buying an additional 835 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in shares of PPL in the 1st quarter worth about $32,000. Finally, Truvestments Capital LLC increased its holdings in shares of PPL by 5,352.9% in the 1st quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider's stock worth $33,000 after buying an additional 910 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PPL shares. Morgan Stanley restated an "overweight" rating on shares of PPL in a report on Thursday, August 21st. Wall Street Zen downgraded shares of PPL from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Finally, Barclays upgraded shares of PPL from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $36.70.

PPL Price Performance

PPL stock opened at $35.79 on Thursday. PPL Corporation has a 12 month low of $31.22 and a 12 month high of $37.38. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $35.92 and a 200 day moving average price of $35.15. The stock has a market cap of $26.47 billion, a PE ratio of 26.71, a P/E/G ratio of 2.57 and a beta of 0.65.

PPL (NYSE:PPL - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.PPL's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Equities research analysts anticipate that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 10th. PPL's payout ratio is 81.34%.

Insider Transactions at PPL

In other PPL news, COO David J. Bonenberger sold 2,165 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total value of $77,636.90. Following the completion of the sale, the chief operating officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

About PPL

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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