PPL Corporation $PPL Stock Position Reduced by Jacobi Capital Management LLC

Jacobi Capital Management LLC cut its stake in shares of PPL Corporation (NYSE:PPL) by 0.3% during the first quarter, HoldingsChannel.com reports. The firm owned 113,968 shares of the utilities provider’s stock after selling 381 shares during the period. Jacobi Capital Management LLC’s holdings in PPL were worth $4,115,000 as of its most recent SEC filing.

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

PPL Stock Performance

PPL stock opened at $35.79 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.57 and a beta of 0.65. PPL Corporation has a 12 month low of $31.22 and a 12 month high of $37.38. The firm has a 50 day moving average of $35.92 and a two-hundred day moving average of $35.15.

PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 earnings per share (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 the consensus estimate of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.PPL’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period 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. As a group, equities analysts anticipate that PPL Corporation will post 1.83 EPS for the current fiscal year.

PPL Dividend Announcement

The company 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 dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 10th. PPL’s dividend payout ratio is currently 81.34%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Barclays raised shares of PPL from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Wall Street Zen downgraded shares of 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 issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $36.70.

Insider Activity

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 transaction of $77,636.90. Following the completion of the sale, the chief operating officer directly owned 45,560 shares of the company’s stock, valued at approximately $1,633,781.60. This represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.