PPL Corporation $PPL Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 grew its holdings in shares of PPL Corporation (NYSE:PPL - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,770,101 shares of the utilities provider's stock after acquiring an additional 187,083 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.37% of PPL worth $100,028,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Invesco Ltd. lifted its position in shares of PPL by 1.7% during the first quarter. Invesco Ltd. now owns 27,938,545 shares of the utilities provider's stock worth $1,008,861,000 after purchasing an additional 472,979 shares during the last quarter. Boston Partners lifted its position in shares of PPL by 37.2% during the first quarter. Boston Partners now owns 13,062,423 shares of the utilities provider's stock worth $471,756,000 after purchasing an additional 3,544,282 shares during the last quarter. Northern Trust Corp lifted its position in shares of PPL by 0.3% during the first quarter. Northern Trust Corp now owns 8,598,814 shares of the utilities provider's stock worth $310,503,000 after purchasing an additional 28,589 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of PPL by 1.4% during the first quarter. Federated Hermes Inc. now owns 7,998,199 shares of the utilities provider's stock worth $288,815,000 after purchasing an additional 109,160 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of PPL by 3.9% during the first quarter. Alliancebernstein L.P. now owns 7,881,695 shares of the utilities provider's stock worth $284,608,000 after purchasing an additional 297,999 shares during the last quarter. Institutional investors own 76.99% of the company's stock.

Insider Activity 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 sale, the chief operating officer owned 45,560 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company's stock.

PPL Price Performance

Shares of NYSE:PPL opened at $36.17 on Friday. The firm's 50 day moving average is $36.02 and its two-hundred day moving average is $35.17. PPL Corporation has a 52 week low of $31.22 and a 52 week high of $37.38. The firm has a market capitalization of $26.74 billion, a P/E ratio of 26.99, a PEG ratio of 2.58 and a beta of 0.65. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). PPL had a net margin of 11.22% and a return on equity of 8.81%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $0.38 EPS. PPL's revenue for the quarter was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Analysts anticipate that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Dividend Announcement

The company also recently declared 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 is Wednesday, September 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.0%. PPL's dividend payout ratio (DPR) is presently 81.34%.

Analyst Ratings Changes

PPL has been the topic of several research analyst reports. Barclays raised shares of PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Morgan Stanley restated an "overweight" rating on shares of PPL in a research note on Thursday, August 21st. 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, seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $36.70.

PPL 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.

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