Tema Etfs LLC Takes $2.04 Million Position in PPL Corporation $PPL

Key Points

• Tema Etfs LLC has acquired a new position in PPL Corporation, purchasing 56,421 shares valued at approximately $2,037,000 during the first quarter of the year.
• PPL Corporation reported earnings of $0.32 per share for the last quarter, below analyst expectations, but its revenue increased by 7.7% year-over-year.
• The company announced a quarterly dividend of $0.2725 per share, representing an annualized yield of 3.0%, set to be paid on October 1st to stockholders on record as of September 10th.

Tema Etfs LLC purchased a new position in shares of PPL Corporation (NYSE:PPL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,421 shares of the utilities provider's stock, valued at approximately $2,037,000.

Several other institutional investors have also bought and sold shares of the stock. CreativeOne Wealth LLC grew its holdings in 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 buying an additional 302 shares in the last quarter. Harbour Investments Inc. boosted its position in PPL by 16.0% in 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 during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in PPL by 2.5% in 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 during the last quarter. Stock Yards Bank & Trust Co. boosted its position in PPL by 5.0% in 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 during the last quarter. Finally, WealthTrust Axiom LLC boosted its position in PPL by 4.1% in 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 during the last quarter. Institutional investors own 76.99% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the completion of the transaction, the chief operating officer owned 45,560 shares in the company, valued at $1,633,781.60. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

PPL Stock Performance

Shares of PPL stock traded down $0.04 on Monday, hitting $36.52. 6,490,525 shares of the stock were exchanged, compared to its average volume of 7,068,942. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $27.01 billion, a PE ratio of 27.25, a P/E/G ratio of 2.62 and a beta of 0.65. PPL Corporation has a one year low of $31.22 and a one year high of $37.38. The firm's 50 day moving average is $35.56 and its two-hundred day moving average is $35.06.

PPL (NYSE:PPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). PPL had a return on equity of 8.81% and a net margin of 11.22%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm'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. Sell-side analysts expect that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Announces Dividend

The business also recently announced 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 yield of 3.0%. PPL's dividend payout ratio (DPR) is currently 81.34%.

Wall Street Analysts Forecast Growth

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

About PPL

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.