Old Port Advisors Buys New Position in PPL Corporation $PPL

Key Points

• Old Port Advisors acquired a new stake in PPL Corporation, purchasing 20,885 shares valued at approximately $708,000 in the 2nd quarter.
• PPL Corporation reported earnings per share of $0.32 for the last quarter, missing analysts' expectations, while its revenue increased by 7.7% year-over-year.
• The company declared a quarterly dividend of $0.2725 per share, which represents a 3.0% dividend yield, with the ex-dividend date set for September 10th.

Old Port Advisors acquired a new stake in shares of PPL Corporation (NYSE:PPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,885 shares of the utilities provider's stock, valued at approximately $708,000.

Several other large investors also recently made changes to their positions in PPL. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PPL during the 4th quarter valued at about $4,175,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of PPL by 151.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 152,460 shares of the utilities provider's stock valued at $4,949,000 after purchasing an additional 91,711 shares in the last quarter. First Hawaiian Bank boosted its position in shares of PPL by 11.8% during the 1st quarter. First Hawaiian Bank now owns 45,625 shares of the utilities provider's stock valued at $1,648,000 after purchasing an additional 4,813 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of PPL by 121.4% during the 1st quarter. AdvisorNet Financial Inc now owns 1,581 shares of the utilities provider's stock valued at $57,000 after purchasing an additional 867 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of PPL by 4,095.6% during the 1st quarter. GAMMA Investing LLC now owns 803,375 shares of the utilities provider's stock valued at $29,010,000 after purchasing an additional 784,227 shares in the last quarter. Institutional investors own 76.99% of the company's stock.

PPL Price Performance

PPL stock opened at $36.73 on Friday. 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 one year low of $31.22 and a one year high of $37.38. The firm has a market capitalization of $27.16 billion, a PE ratio of 27.41, a P/E/G ratio of 2.64 and a beta of 0.65. The firm has a 50-day moving average of $36.28 and a two-hundred day moving average of $35.27.

PPL (NYSE:PPL - Get Free Report) last posted 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 during 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% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. On average, analysts forecast 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. Stockholders of record on Wednesday, September 10th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 10th. PPL's dividend payout ratio is 81.34%.

Analyst Ratings Changes

PPL has been the subject of several research reports. Morgan Stanley reduced their price objective on shares of PPL from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday. Barclays raised shares of PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen lowered shares of PPL from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.78.

Insider Activity

In other news, COO David J. Bonenberger sold 2,165 shares of the stock in a transaction that occurred on 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. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is 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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