PPL Corporation $PPL is Energy Income Partners LLC's 10th Largest Position

Energy Income Partners LLC reduced its position in PPL Corporation (NYSE:PPL - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,915,845 shares of the utilities provider's stock after selling 98,887 shares during the quarter. PPL comprises approximately 2.2% of Energy Income Partners LLC's investment portfolio, making the stock its 10th largest position. Energy Income Partners LLC owned about 0.52% of PPL worth $142,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new stake in shares of PPL in the second quarter valued at about $42,000. Covestor Ltd grew its stake in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider's stock valued at $47,000 after acquiring an additional 870 shares in the last quarter. Root Financial Partners LLC grew its stake in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider's stock valued at $99,000 after acquiring an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its holdings in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider's stock valued at $105,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in PPL in the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 76.99% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CFO Ashley F. Johnson sold 34,993 shares of the company's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the transaction, the chief financial officer owned 561,482 shares of the company's stock, valued at $12,397,522.56. This represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the transaction, the director owned 222,897 shares of the company's stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is owned by insiders.

PPL Stock Performance

PPL stock opened at $35.66 on Wednesday. The firm has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $36.78. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. PPL Corporation has a 1-year low of $33.17 and a 1-year high of $40.10.

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

PPL Company 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.

Want to see what other hedge funds are holding PPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPL Corporation (NYSE:PPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source