1,502,353 Shares in PPL Corporation $PPL Bought by Cullen Capital Management LLC

Cullen Capital Management LLC acquired a new stake in PPL Corporation (NYSE:PPL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,502,353 shares of the utilities provider’s stock, valued at approximately $54,611,000.

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

Analyst Upgrades and Downgrades

PPL has been the topic of a number of research reports. BMO Capital Markets decreased their target price on shares of 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 reiterated a “buy” rating on shares of PPL in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their price objective on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Mizuho upgraded PPL to a “hold” rating in a research report on Friday, July 3rd. Finally, Evercore set a $42.00 target price on PPL in a report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

PPL Trading Up 1.9%

PPL opened at $35.04 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The company’s 50 day moving average price is $35.81 and its two-hundred day moving average price is $36.75. The firm has a market capitalization of $26.37 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.35 and a beta of 0.57.

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

PPL Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s dividend payout ratio (DPR) is currently 67.46%.

Insider Buying and Selling at PPL

In other news, Director Kristen Robinson sold 37,107 shares of the stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is owned by company insiders.

About PPL

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.