PPL Corporation $PPL Holdings Raised by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in PPL Corporation by 22.3%, holding a total of 52,822 shares valued at approximately $1.9 million.
• Analysts' ratings for PPL range from a "strong buy" from Barclays to a "sell" from Wall Street Zen, with an average price target of $36.70.
• PPL recently declared a quarterly dividend of $0.2725 per share, with a total annualized dividend yield of 3.0%.

NewEdge Advisors LLC grew its position in PPL Corporation (NYSE:PPL - Free Report) by 22.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,822 shares of the utilities provider's stock after acquiring an additional 9,614 shares during the quarter. NewEdge Advisors LLC's holdings in PPL were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in PPL by 17.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,088 shares of the utilities provider's stock valued at $2,824,000 after purchasing an additional 11,782 shares during the period. Envestnet Asset Management Inc. boosted its position in PPL by 9.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,975,310 shares of the utilities provider's stock valued at $107,438,000 after purchasing an additional 250,564 shares during the period. Oppenheimer & Co. Inc. boosted its position in PPL by 45.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 30,603 shares of the utilities provider's stock valued at $1,105,000 after purchasing an additional 9,503 shares during the period. Brown Advisory Inc. boosted its position in PPL by 13.7% during the 1st quarter. Brown Advisory Inc. now owns 9,748 shares of the utilities provider's stock valued at $352,000 after purchasing an additional 1,175 shares during the period. Finally, Heartland Bank & Trust Co acquired a new position in PPL during the 1st quarter valued at approximately $992,000. 76.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PPL shares. Barclays upgraded shares of PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Morgan Stanley reiterated an "overweight" rating on shares of PPL in a research report on Thursday, August 21st. Finally, Wall Street Zen downgraded shares of PPL from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $36.70.

PPL Trading Up 0.5%

Shares of PPL stock opened at $35.97 on Friday. 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 Corporation has a 1 year low of $31.22 and a 1 year high of $37.38. The stock has a fifty day moving average of $35.97 and a two-hundred day moving average of $35.16. The firm has a market capitalization of $26.60 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.57 and a beta of 0.65.

PPL (NYSE:PPL - Get Free Report) last announced 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). PPL had a return on equity of 8.81% and a net margin of 11.22%.The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.38 EPS. The company's revenue was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, research analysts expect that PPL Corporation will post 1.83 EPS for the current year.

PPL Dividend Announcement

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

Insider Buying and Selling at PPL

In other news, COO David J. Bonenberger sold 2,165 shares of the company'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 completion of the sale, the chief operating officer owned 45,560 shares in the company, valued at $1,633,781.60. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by company insiders.

PPL Profile

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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