Vise Technologies Inc. Buys Shares of 26,725 PPL Corporation $PPL

Vise Technologies Inc. bought a new position in PPL Corporation (NYSE:PPL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,725 shares of the utilities provider’s stock, valued at approximately $971,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPL. Empowered Funds LLC raised its position in shares of PPL by 39.5% during the first quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 5,428 shares during the period. Woodline Partners LP lifted its stake in PPL by 40.7% in the first quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider’s stock valued at $2,252,000 after buying an additional 18,057 shares in the last quarter. Focus Partners Wealth lifted its stake in PPL by 13.0% in the first quarter. Focus Partners Wealth now owns 26,861 shares of the utilities provider’s stock valued at $971,000 after buying an additional 3,084 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of PPL by 64.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,695 shares of the utilities provider’s stock valued at $159,000 after buying an additional 1,848 shares during the period. Finally, Cary Street Partners Financial LLC increased its holdings in PPL by 6.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 343 shares in the last quarter. 76.99% of the stock is owned by institutional investors.

PPL Stock Performance

PPL stock opened at $34.42 on Friday. PPL Corporation has a 1-year low of $33.17 and a 1-year high of $40.10. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The stock has a 50-day moving average price of $35.83 and a 200-day moving average price of $36.75. The firm has a market cap of $25.90 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. 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. As a group, equities research analysts expect that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.14 annualized dividend and a yield of 3.3%. PPL’s dividend payout ratio is presently 67.46%.

Insiders Place Their Bets

In other news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the transaction, the chief financial officer owned 561,482 shares in the company, valued at $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PPL shares. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Barclays lifted their target price on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Mizuho raised PPL to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley reduced their price objective on shares of PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Evercore set a $42.00 price objective on shares of PPL in a research note on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.