BROOKFIELD Corp ON Has $36.05 Million Stake in PPL Corporation $PPL

BROOKFIELD Corp ON lifted its stake in shares of PPL Corporation (NYSE:PPL) by 38.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 998,207 shares of the utilities provider’s stock after purchasing an additional 275,693 shares during the period. BROOKFIELD Corp ON owned approximately 0.14% of PPL worth $36,045,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. First Hawaiian Bank lifted its position in shares of PPL by 11.8% during the first quarter. First Hawaiian Bank now owns 45,625 shares of the utilities provider’s stock worth $1,648,000 after purchasing an additional 4,813 shares in the last quarter. Strs Ohio acquired a new position in shares of PPL during the first quarter worth approximately $3,121,000. Intrua Financial LLC acquired a new position in shares of PPL during the first quarter worth approximately $222,000. Belpointe Asset Management LLC acquired a new position in shares of PPL during the first quarter worth approximately $540,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of PPL during the 1st quarter worth approximately $540,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Stock Up 0.5%

Shares of NYSE PPL opened at $35.97 on Friday. The stock has a market cap of $26.60 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.57 and a beta of 0.65. The firm has a 50 day moving average price of $35.97 and a 200 day moving average price of $35.16. 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 52-week low of $31.22 and a 52-week high of $37.38.

PPL (NYSE:PPL) 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 firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. PPL had a net margin of 11.22% and a return on equity of 8.81%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. 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 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. 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 payout ratio is currently 81.34%.

Wall Street Analyst Weigh In

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

Insider Transactions at PPL

In related news, COO David J. Bonenberger sold 2,165 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 45,560 shares in the company, valued at approximately $1,633,781.60. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.