UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $100.03 Million Stake in PPL Corporation $PPL

Key Points

• UBS Asset Management increased its holdings in PPL Corporation by 7.2%, owning approximately 2.77 million shares worth about $100 million as of the most recent SEC filing.
• PPL Corporation reported Q2 earnings of $0.32 EPS, missing analyst estimates of $0.37, but its revenue grew by 7.7% year-over-year to $2.03 billion.
• The company declared a quarterly dividend of $0.2725 per share, with an annualized dividend yield of 3.0% and a payout ratio of 81.34%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PPL Corporation (NYSE:PPL - Free Report) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,770,101 shares of the utilities provider's stock after purchasing an additional 187,083 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.37% of PPL worth $100,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PPL. Boston Partners lifted its position in PPL by 37.2% during the 1st quarter. Boston Partners now owns 13,062,423 shares of the utilities provider's stock worth $471,756,000 after acquiring an additional 3,544,282 shares during the last quarter. American Century Companies Inc. lifted its position in PPL by 1,418.1% during the 1st quarter. American Century Companies Inc. now owns 2,909,371 shares of the utilities provider's stock worth $105,057,000 after acquiring an additional 2,717,726 shares during the last quarter. Nuveen LLC acquired a new position in PPL during the 1st quarter worth $60,020,000. JPMorgan Chase & Co. lifted its position in PPL by 42.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,779,155 shares of the utilities provider's stock worth $172,575,000 after acquiring an additional 1,434,778 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in PPL during the 1st quarter worth $29,617,000. 76.99% of the stock is currently owned by institutional investors.

PPL Trading Down 0.1%

PPL stock traded down $0.03 during midday trading on Thursday, reaching $35.59. The company's stock had a trading volume of 3,795,269 shares, compared to its average volume of 4,213,472. PPL Corporation has a 52 week low of $31.22 and a 52 week high of $37.38. The stock has a market cap of $26.32 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.65. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. The business's 50-day simple moving average is $36.16 and its 200-day simple moving average is $35.18.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.22% and a return on equity of 8.81%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business posted $0.38 earnings per share. PPL'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, sell-side analysts expect that PPL Corporation will post 1.83 EPS for the current year.

PPL Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.1%. PPL's dividend payout ratio (DPR) is presently 81.34%.

Analyst Ratings Changes

A number of research firms have weighed in on PPL. Morgan Stanley reissued an "overweight" rating on shares of PPL in a research report on Thursday, August 21st. Wall Street Zen cut shares of PPL from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Barclays upgraded shares of PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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 that occurred on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total value of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares of the company's stock, valued at approximately $1,633,781.60. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

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.