927,895 Shares in PPL Corporation $PPL Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in PPL Corporation (NYSE:PPL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 927,895 shares of the utilities provider’s stock, valued at approximately $33,729,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new stake in PPL during the second quarter valued at about $42,000. Covestor Ltd increased its position in shares of PPL by 206.7% in the second quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 870 shares in the last quarter. Root Financial Partners LLC increased its position in shares of PPL by 72.5% in the first quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its holdings in shares of PPL by 70.0% during the fourth quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,240 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of PPL during the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Price Performance

Shares of PPL opened at $34.45 on Friday. The business’s 50-day moving average is $35.76 and its 200-day moving average is $36.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.40 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts expect that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.3%. PPL’s dividend payout ratio (DPR) is 67.46%.

Insider Buying and Selling at PPL

In other news, CFO Ashley F. Johnson sold 34,993 shares of the business’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 transaction, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. The trade was a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the transaction, the director directly owned 222,897 shares in the company, valued at $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore set a $42.00 price objective on shares of PPL in a research note on Monday, August 17th. Weiss Ratings downgraded shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Bank of America reduced their target price on PPL from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, July 20th. Mizuho raised PPL to a “hold” rating in a research report on Friday, July 3rd. Finally, BTIG Research reiterated a “buy” rating on shares of PPL in a report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PPL has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.