PPL Corporation $PPL Shares Sold by Huber Capital Management LLC

Key Points

• Huber Capital Management LLC reduced its stake in PPL Corporation by 16.2% to 36,609 shares, valued at approximately $1.32 million.
• PPL Corporation reported Earnings Per Share (EPS) of $0.32 for the latest quarter, missing estimates by $0.05, although revenue increased by 7.7% year-over-year.
• The company declared a quarterly dividend of $0.2725, which translates to an annual yield of 3.0%, with the ex-dividend date set for September 10th.

Huber Capital Management LLC lowered its position in shares of PPL Corporation (NYSE:PPL - Free Report) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,609 shares of the utilities provider's stock after selling 7,091 shares during the period. Huber Capital Management LLC's holdings in PPL were worth $1,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CreativeOne Wealth LLC grew its stake in shares of PPL by 3.0% during the first quarter. CreativeOne Wealth LLC now owns 10,422 shares of the utilities provider's stock worth $376,000 after purchasing an additional 302 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of PPL by 16.0% during the first quarter. Harbour Investments Inc. now owns 2,207 shares of the utilities provider's stock worth $80,000 after purchasing an additional 304 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of PPL by 2.5% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,998 shares of the utilities provider's stock worth $469,000 after purchasing an additional 322 shares in the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of PPL by 5.0% during the first quarter. Stock Yards Bank & Trust Co. now owns 6,953 shares of the utilities provider's stock worth $251,000 after purchasing an additional 329 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its stake in shares of PPL by 4.1% during the first quarter. WealthTrust Axiom LLC now owns 8,579 shares of the utilities provider's stock worth $310,000 after purchasing an additional 337 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.

Insider Activity at PPL

In other news, COO David J. Bonenberger sold 2,165 shares of the 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 directly owned 45,560 shares in the company, valued at $1,633,781.60. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on PPL. Wall Street Zen raised shares of PPL from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of PPL in a report on Thursday, August 21st. Finally, Barclays raised shares of PPL from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, PPL currently has an average rating of "Buy" and a consensus price target of $36.70.

PPL Price Performance

PPL traded down $0.04 on Monday, hitting $36.52. 6,490,525 shares of the company were exchanged, compared to its average volume of 7,068,942. 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 business's fifty day moving average is $35.56 and its 200 day moving average is $35.06. PPL Corporation has a fifty-two week low of $31.22 and a fifty-two week high of $37.38. The firm has a market capitalization of $27.01 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65.

PPL (NYSE:PPL - Get Free Report) last released 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). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, sell-side analysts anticipate that PPL Corporation will post 1.83 EPS for the current year.

PPL Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given 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 is currently 81.34%.

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.