Vident Advisory LLC Has $825,000 Stake in PPL Corporation $PPL

Key Points

• Vident Advisory LLC increased its stake in PPL Corporation by 48.4% in Q1, owning a total of 22,853 shares valued at $825,000.
• Several institutional investors have significantly boosted their stakes in PPL, with Pinnacle Bancorp Inc. increasing its investment by 141% and Truvestments Capital LLC by a staggering 5,352.9% in the same quarter.
• PPL Corporation recently reported quarterly earnings of $0.32 per share, falling short of analysts' expectations, yet its revenue increased by 7.7% year-over-year, totaling $2.03 billion.

Vident Advisory LLC increased its position in PPL Corporation (NYSE:PPL - Free Report) by 48.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,853 shares of the utilities provider's stock after purchasing an additional 7,455 shares during the period. Vident Advisory LLC's holdings in PPL were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPL. Pinnacle Bancorp Inc. boosted its stake in PPL by 141.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider's stock worth $26,000 after purchasing an additional 423 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in PPL by 94.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider's stock worth $30,000 after purchasing an additional 397 shares during the period. TruNorth Capital Management LLC acquired a new position in PPL in the 1st quarter worth approximately $32,000. Truvestments Capital LLC boosted its stake in PPL by 5,352.9% in the 1st quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider's stock worth $33,000 after purchasing an additional 910 shares during the period. Finally, AlphaQuest LLC lifted its position in PPL by 97,800.0% in the 1st quarter. AlphaQuest LLC now owns 979 shares of the utilities provider's stock worth $35,000 after buying an additional 978 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PPL. Wall Street Zen upgraded shares of PPL from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Barclays upgraded shares of PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of PPL in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, PPL has an average rating of "Buy" and a consensus target price of $36.70.

Insider Transactions at PPL

In related news, COO David J. Bonenberger sold 2,165 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer directly owned 45,560 shares in the company, valued at approximately $1,633,781.60. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company's stock.

PPL Trading Up 0.8%

Shares of NYSE:PPL opened at $36.52 on Friday. The stock has a market capitalization of $27.00 billion, a PE ratio of 27.25, a P/E/G ratio of 2.60 and a beta of 0.65. PPL Corporation has a 1 year low of $31.22 and a 1 year high of $37.38. The firm has a fifty day moving average price of $35.76 and a 200 day moving average price of $35.11. 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 issued 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). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Analysts expect that PPL Corporation will post 1.83 EPS for the current fiscal year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 dividend on an annualized basis and a yield of 3.0%. PPL's dividend payout ratio is currently 81.34%.

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.

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