Landscape Capital Management L.L.C. Purchases New Position in PPL Corporation $PPL

Landscape Capital Management L.L.C. purchased a new stake in PPL Corporation (NYSE:PPL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,610 shares of the utilities provider’s stock, valued at approximately $5,111,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its position in shares of PPL by 569.8% in the 2nd quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider’s stock valued at $1,295,000 after buying an additional 30,313 shares during the last quarter. Chancellor Financial Group WB LP purchased a new stake in PPL in the second quarter valued at $1,286,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in PPL by 9.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock valued at $66,786,000 after acquiring an additional 157,005 shares in the last quarter. Portfolio Design Labs LLC acquired a new position in PPL in the second quarter valued at $2,594,000. Finally, Deutsche Bank AG boosted its stake in PPL by 23.7% in the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after acquiring an additional 393,748 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insider Buying and Selling

In other PPL news, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction that occurred 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 transaction, the director directly owned 222,897 shares in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were 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 directly 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 disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

PPL Trading Down 2.2%

NYSE PPL opened at $34.42 on Friday. The firm’s fifty day moving average is $35.83 and its two-hundred day moving average is $36.75. PPL Corporation has a one year low of $33.17 and a one year high of $40.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The firm has a market cap of $25.90 billion, a PE ratio of 20.37, a P/E/G ratio of 2.41 and a beta of 0.57.

PPL (NYSE:PPL) last announced its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company posted $0.32 EPS. PPL’s quarterly revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts expect that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid 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 yield of 3.3%. PPL’s dividend payout ratio is currently 67.46%.

Analysts Set New Price Targets

A number of research firms have recently commented on PPL. Barclays lifted 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. BMO Capital Markets dropped their price target on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded PPL from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.33.

PPL Profile

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.