UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in PPL Corporation (NYSE:PPL - Free Report) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,157,814 shares of the utilities provider's stock after purchasing an additional 208,820 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.42% of PPL worth $114,787,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of PPL. New Mexico Educational Retirement Board raised its position in shares of PPL by 8.5% during the second quarter. New Mexico Educational Retirement Board now owns 36,873 shares of the utilities provider's stock valued at $1,340,000 after buying an additional 2,900 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in PPL by 10.7% in the 2nd quarter. Mufg Securities Americas Inc. now owns 22,660 shares of the utilities provider's stock valued at $824,000 after acquiring an additional 2,191 shares in the last quarter. Roffman Miller Associates Inc. PA lifted its position in shares of PPL by 2.3% in the 2nd quarter. Roffman Miller Associates Inc. PA now owns 361,427 shares of the utilities provider's stock worth $13,138,000 after acquiring an additional 8,032 shares during the period. Nissay Asset Management Corp Japan grew its holdings in shares of PPL by 5.5% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 101,609 shares of the utilities provider's stock worth $3,693,000 after purchasing an additional 5,289 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of PPL by 10.4% during the second quarter. Hsbc Holdings PLC now owns 1,335,060 shares of the utilities provider's stock valued at $48,651,000 after purchasing an additional 126,179 shares during the period. 76.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of PPL 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 completion of the transaction, the chief financial officer owned 561,482 shares in the company, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $929,530.35. Following the sale, the director owned 222,897 shares in the company, valued at $5,583,569.85. The trade was a 14.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.34% of the company's stock.
PPL Stock Performance
PPL stock opened at $34.42 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The stock has a fifty day moving average price of $35.67 and a two-hundred day moving average price of $36.70. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10. The firm has a market capitalization of $25.90 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.33 and a beta of 0.57.
PPL (NYSE:PPL - Get Free Report) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.
PPL Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. PPL's dividend payout ratio (DPR) is presently 67.46%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Barclays raised their target price on PPL from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. 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. JPMorgan Chase & Co. raised their price objective on shares of PPL from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Evercore set a $42.00 target price on shares of PPL in a research report on Monday, August 17th. Finally, BMO Capital Markets lowered their target price on shares of PPL from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, PPL currently has an average rating of "Moderate Buy" and an average target price of $41.00.
Get Our Latest Stock Analysis on PPL
About PPL
(
Free Report)
PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company's core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.
PPL's activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.
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