Portfolio Design Labs LLC Purchases Shares of 71,348 PPL Corporation $PPL

Key Points

• Portfolio Design Labs LLC acquired 71,348 shares of PPL Corporation in the second quarter, valued at approximately $2.59 million. Institutional investors collectively own 76.99% of PPL’s outstanding stock.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $41.42.
• PPL shares opened at $35.21, near the lower end of their 52-week range. The company slightly missed quarterly earnings and revenue estimates, reporting $0.33 in EPS and $2.11 billion in revenue, while issuing full-year EPS guidance of $1.90–$1.98.

Portfolio Design Labs LLC acquired a new position in shares of PPL Corporation (NYSE:PPL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,348 shares of the utilities provider's stock, valued at approximately $2,594,000.

Several other large investors also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in PPL by 3.8% in the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider's stock valued at $347,000 after acquiring an additional 341 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in PPL by 6.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider's stock worth $180,000 after purchasing an additional 343 shares in the last quarter. Ethos Financial Group LLC raised its stake in shares of PPL by 0.9% in the 1st quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider's stock valued at $1,723,000 after purchasing an additional 429 shares during the period. Plimoth Trust Co. LLC raised its stake in shares of PPL by 3.8% in the 1st quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 450 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its holdings in shares of PPL by 7.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 7,411 shares of the utilities provider's stock valued at $283,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 76.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings cut PPL from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, June 18th. Bank of America dropped their target price on PPL from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Mizuho upgraded PPL to a "hold" rating in a research note on Friday, July 3rd. Barclays upped their price target on PPL from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets decreased their price target on shares of PPL from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, PPL has a consensus rating of "Moderate Buy" and a consensus target price of $41.42.

PPL Trading Down 0.8%

Shares of NYSE:PPL opened at $35.21 on Friday. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The company has a market capitalization of $26.50 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. The company has a 50-day simple moving average of $35.86 and a 200 day simple moving average of $36.77.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.PPL's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts forecast that PPL Corporation will post 1.94 earnings per share for the current year.

Insider Activity at PPL

In other PPL news, Director Kristen Robinson sold 37,107 shares of the firm's stock in a transaction on Wednesday, July 15th. The stock was 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 trade represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the transaction, the chief financial officer directly owned 561,482 shares of the company's stock, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.34% of the company's stock.

PPL Profile

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company's core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL's activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.

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