Fortis Capital Advisors LLC Purchases New Position in PPL Corporation $PPL

Fortis Capital Advisors LLC acquired a new stake in PPL Corporation (NYSE:PPL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,961 shares of the utilities provider’s stock, valued at approximately $540,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in shares of PPL by 141.0% in the first quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider’s stock valued at $26,000 after buying an additional 423 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of PPL by 94.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock valued at $30,000 after buying an additional 397 shares in the last quarter. Ancora Advisors LLC increased its position in shares of PPL by 8,350.0% in the first quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock valued at $31,000 after buying an additional 835 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of PPL in the first quarter valued at approximately $32,000. Finally, Truvestments Capital LLC increased its position in shares of PPL by 5,352.9% in the first quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock valued at $33,000 after buying an additional 910 shares in the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upgraded PPL from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Morgan Stanley reiterated an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Finally, Wall Street Zen cut PPL from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $36.70.

PPL Stock Up 0.2%

Shares of PPL opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59. PPL Corporation has a one year low of $31.22 and a one year high of $37.38. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.57 and a beta of 0.65. The stock has a 50 day moving average price of $35.92 and a 200 day moving average price of $35.15.

PPL (NYSE:PPL) last issued 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 firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Equities research analysts forecast that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Announces Dividend

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

Insiders Place Their Bets

In other PPL news, COO David J. Bonenberger sold 2,165 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total transaction of $77,636.90. Following the transaction, the chief operating officer owned 45,560 shares of the company’s stock, valued at approximately $1,633,781.60. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

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.