Vestmark Advisory Solutions Inc. Has $2.03 Million Stock Holdings in PPL Corporation $PPL

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in PPL Corporation by 104.2% in the first quarter, acquiring an additional 28,641 shares, which brought their total holdings to 56,132 shares worth $2,027,000.
• A significant number of institutional investors have recently adjusted their positions in PPL, with 76.99% of the stock currently owned by such investors and hedge funds.
• PPL's stock reported a 1.5% decline, and the company missed analysts' earnings per share estimates, reporting $0.32 compared to the expected $0.37, despite a revenue increase of 7.7% year-over-year.

Vestmark Advisory Solutions Inc. raised its holdings in shares of PPL Corporation (NYSE:PPL - Free Report) by 104.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,132 shares of the utilities provider's stock after purchasing an additional 28,641 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in PPL were worth $2,027,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PPL. Pinnacle Bancorp Inc. boosted its stake in PPL by 141.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 423 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted 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 valued at $30,000 after acquiring an additional 397 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in PPL during the first quarter worth approximately $32,000. HM Payson & Co. grew its stake in shares of PPL by 1,057.6% during the first quarter. HM Payson & Co. now owns 984 shares of the utilities provider's stock valued at $36,000 after buying an additional 899 shares during the last quarter. Finally, AllSquare Wealth Management LLC bought a new position in shares of PPL during the first quarter valued at approximately $45,000. Institutional investors own 76.99% of the company's stock.

Insider Activity at PPL

In related news, COO David J. Bonenberger sold 2,165 shares of the firm's stock in a transaction 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 completion of the sale, the chief operating officer directly owned 45,560 shares of the company's stock, valued at approximately $1,633,781.60. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PPL shares. Barclays upgraded PPL from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Morgan Stanley dropped their target price on PPL from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Wall Street Zen raised shares of PPL from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Guggenheim raised their target price on shares of PPL from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, PPL has a consensus rating of "Buy" and a consensus target price of $36.70.

PPL Price Performance

PPL traded up $0.4810 on Tuesday, hitting $36.7210. 6,901,304 shares of the company were exchanged, compared to its average volume of 5,654,163. The business's fifty day moving average is $35.03 and its 200 day moving average is $34.90. The firm has a market capitalization of $27.16 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. PPL Corporation has a fifty-two week low of $31.22 and a fifty-two week high of $37.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59.

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 the consensus estimate of $0.37 by ($0.05). The business had revenue of $2.03 billion during 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%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, sell-side analysts anticipate that PPL Corporation will post 1.83 EPS for the current year.

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.