PPL Corporation $PPL Shares Bought by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. NY increased its stake in PPL Corporation by 2.8% during the second quarter, holding a total of 319,377 shares, valued at approximately $10.8 million.
• PPL Corporation recently declared a quarterly dividend of $0.2725 per share, with a yield of 3.1%, to be paid on October 1st.
• Analysts have mixed ratings on PPL, with one cutting their rating to "sell" while others, including Barclays, upgraded to "strong-buy", and the stock currently has an average price target of $36.67.

Miller Howard Investments Inc. NY boosted its stake in PPL Corporation (NYSE:PPL - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 319,377 shares of the utilities provider's stock after acquiring an additional 8,825 shares during the quarter. Miller Howard Investments Inc. NY's holdings in PPL were worth $10,824,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. CreativeOne Wealth LLC increased its stake in PPL by 3.0% in the first quarter. CreativeOne Wealth LLC now owns 10,422 shares of the utilities provider's stock valued at $376,000 after purchasing an additional 302 shares during the last quarter. Harbour Investments Inc. increased its position in shares of PPL by 16.0% in the first quarter. Harbour Investments Inc. now owns 2,207 shares of the utilities provider's stock valued at $80,000 after buying an additional 304 shares in the last quarter. Parallel Advisors LLC increased its position in PPL by 3.6% during the 2nd quarter. Parallel Advisors LLC now owns 8,984 shares of the utilities provider's stock worth $304,000 after purchasing an additional 311 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in PPL by 2.5% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,998 shares of the utilities provider's stock valued at $469,000 after buying an additional 322 shares during the period. Finally, First Bank & Trust lifted its stake in shares of PPL by 0.7% in the 2nd quarter. First Bank & Trust now owns 44,939 shares of the utilities provider's stock valued at $1,523,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company's stock.

PPL Stock Performance

Shares of PPL stock traded up $0.26 during mid-day trading on Tuesday, reaching $35.95. 630,887 shares of the company's stock traded hands, compared to its average volume of 5,496,120. PPL Corporation has a 12 month low of $31.22 and a 12 month high of $37.38. The firm has a 50 day moving average price of $36.21 and a two-hundred day moving average price of $35.22. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59. The firm has a market capitalization of $26.58 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.65.

PPL (NYSE:PPL - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.05). The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. On average, research analysts forecast 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. Shareholders of record on Wednesday, September 10th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.09 annualized dividend and a yield of 3.0%. PPL's dividend payout ratio (DPR) is presently 81.34%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley reissued an "overweight" rating on shares of PPL in a research report on Thursday, August 21st. Barclays upgraded PPL from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen downgraded PPL from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $36.67.

Insider Transactions at PPL

In other PPL news, COO David J. Bonenberger sold 2,165 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were 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 of the company's stock, valued at $1,633,781.60. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

PPL Company 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.