PPL Corporation $PPL Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its PPL stake by 41.8% in the second quarter to 409,790 shares valued at approximately $14.9 million. Institutional investors collectively own 76.99% of PPL.
• PPL shares opened at $34.26, near their 12-month low, after the company reported quarterly EPS of $0.33 and revenue of $2.11 billion, both slightly below analyst expectations. Revenue still rose 4.2% year over year.
• PPL declared a quarterly dividend of $0.285 per share, equivalent to an annualized $1.14 payout and a 3.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $41.00.

Tidal Investments LLC lifted its position in shares of PPL Corporation (NYSE:PPL - Free Report) by 41.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,790 shares of the utilities provider's stock after acquiring an additional 120,860 shares during the quarter. Tidal Investments LLC owned 0.05% of PPL worth $14,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Investment Management Inc. purchased a new stake in PPL during the second quarter worth $4,521,000. EP Wealth Advisors LLC purchased a new position in shares of PPL in the second quarter valued at $1,893,000. Hsbc Holdings PLC purchased a new position in shares of PPL in the second quarter valued at $48,651,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PPL by 7.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider's stock worth $114,787,000 after buying an additional 208,820 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of PPL during the 2nd quarter worth $5,111,000. Institutional investors and hedge funds own 76.99% of the company's stock.

PPL Trading Down 0.8%

Shares of PPL stock opened at $34.26 on Friday. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 3.38 and a beta of 0.57. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $35.41 and a 200 day moving average price of $36.58. PPL Corporation has a twelve month low of $33.17 and a twelve month 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 earnings per share (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 analyst estimates of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.PPL's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Research analysts forecast that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

PPL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL's payout ratio is presently 67.46%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PPL shares. JPMorgan Chase & Co. increased their price objective on shares of PPL from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Bank of America cut their target price on shares of PPL from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Weiss Ratings downgraded shares of PPL from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Barclays increased their price target on shares of PPL from $39.00 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley dropped their price objective on shares of PPL from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, August 21st. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, PPL presently has an average rating of "Moderate Buy" and an average target price of $41.00.

Insiders Place Their Bets

In other PPL news, 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 transaction of $929,530.35. Following 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ashley Johnson sold 34,993 shares of the firm'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 sale, the chief financial officer owned 561,482 shares in the company, valued at $12,397,522.56. This trade represents a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.34% of the company's stock.

PPL Company 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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