California State Teachers Retirement System Grows Stake in PPL Corporation $PPL

California State Teachers Retirement System lifted its holdings in shares of PPL Corporation (NYSE:PPL - Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 874,105 shares of the utilities provider's stock after purchasing an additional 11,701 shares during the period. California State Teachers Retirement System owned about 0.12% of PPL worth $31,773,717 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in PPL during the second quarter valued at $187,326,000. Cullen Capital Management LLC bought a new stake in PPL in the 2nd quarter valued at $54,611,000. Hsbc Holdings PLC acquired a new stake in shares of PPL during the 2nd quarter worth approximately $48,651,000. Man Group plc bought a new position in shares of PPL in the 2nd quarter worth about $36,935,000. Finally, Canada Pension Plan Investment Board bought a new position in PPL during the 2nd quarter valued at $33,729,000. Institutional investors and hedge funds own 76.99% of the company's stock.

PPL Price Performance

Shares of NYSE PPL traded down $0.45 during mid-day trading on Tuesday, hitting $33.34. 2,810,924 shares of the company's stock traded hands, compared to its average volume of 8,632,920. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10. The company has a market capitalization of $25.09 billion, a P/E ratio of 19.74, a PEG ratio of 3.33 and a beta of 0.57. The company's 50-day moving average is $35.31 and its two-hundred day moving average is $36.53. 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 (NYSE:PPL - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). PPL had a net margin of 13.47% and a return on equity of 9.33%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted $0.32 EPS. PPL's revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. PPL's dividend payout ratio is currently 67.46%.

Analyst Ratings Changes

PPL has been the topic of a number of research analyst reports. Mizuho raised shares of PPL to a "hold" rating in a research report on Friday, July 3rd. BMO Capital Markets reduced their price target on PPL from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Royal Bank Of Canada initiated coverage on PPL in a research note on Tuesday. They issued a "sector perform" rating and a $35.00 price objective on the stock. BTIG Research reiterated a "buy" rating on shares of PPL in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.54.

Insider Buying and Selling

In other PPL news, Director Kristen Robinson sold 37,107 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 222,897 shares of the company's stock, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashley Johnson sold 34,993 shares of the firm's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by insiders.

PPL Profile

PPL Corporation NYSE: PPL is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas to residential, commercial, and industrial customers, while also operating and maintaining generation, transmission, and distribution infrastructure.

PPL's Pennsylvania operations are conducted through PPL Electric Utilities, which provides electric delivery service across much of central and eastern Pennsylvania.

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