107,140 Shares in PPL Corporation $PPL Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in PPL Corporation (NYSE:PPL) during the second quarter, HoldingsChannel.com reports. The firm purchased 107,140 shares of the utilities provider’s stock, valued at approximately $3,895,000.

Several other large investors have also recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new position in shares of PPL in the 2nd quarter worth approximately $42,000. Covestor Ltd increased its holdings in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 870 shares in the last quarter. Root Financial Partners LLC increased its holdings in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after purchasing an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its position in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new position in PPL in the 2nd quarter valued at $119,000. 76.99% of the stock is owned by institutional investors.

Insider Buying and Selling at PPL

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the stock in a transaction 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 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 SEC filing for this sale provides additional information. Insiders own 0.34% of the company’s stock.

PPL Stock Down 0.0%

Shares of NYSE PPL opened at $35.03 on Wednesday. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10. The firm’s 50-day moving average is $35.79 and its 200-day moving average is $36.75. 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 firm has a market capitalization of $26.36 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.40 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 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 period last year, the firm earned $0.32 earnings per share. The company’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. Equities analysts expect that PPL Corporation will post 1.94 EPS for the current year.

PPL Dividend Announcement

The firm also recently announced 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. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PPL. BTIG Research reiterated a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Barclays raised their price target on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Evercore set a $42.00 price objective on shares of PPL in a research report on Monday, August 17th. BMO Capital Markets reduced their price objective on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.