Kintra Wealth LLC Invests $577,000 in PPL Corporation $PPL

Kintra Wealth LLC acquired a new position in shares of PPL Corporation (NYSE:PPL) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,165 shares of the utilities provider’s stock, valued at approximately $577,000.

Other large investors have also recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new position in PPL during the second quarter worth $42,000. Covestor Ltd increased its position in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 870 shares in the last quarter. Root Financial Partners LLC increased its position in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its stake 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, Elyxium Wealth LLC purchased a new position in PPL in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Performance

PPL stock opened at $35.09 on Tuesday. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 3.43 and a beta of 0.57. PPL Corporation has a 12 month low of $33.17 and a 12 month high of $40.10. 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 stock’s 50-day moving average is $35.51 and its 200-day moving average is $36.63.

PPL (NYSE:PPL) last issued its 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). The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts anticipate that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

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 paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Insider Buying and Selling at PPL

In other news, CFO Ashley Johnson sold 34,993 shares of the stock in a transaction 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 sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were 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 approximately $5,583,569.85. This represents a 14.27% decrease in their position. The SEC filing for this sale provides additional information. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on PPL. Barclays lifted their price target on shares of PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Bank of America lowered their target price on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their price target on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, BTIG Research reissued a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Ten research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

PPL Company 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.