Engineers Gate Manager LP Has $22.48 Million Holdings in PPL Corporation $PPL

Engineers Gate Manager LP lifted its stake in shares of PPL Corporation (NYSE:PPL) by 104.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 618,448 shares of the utilities provider’s stock after purchasing an additional 315,788 shares during the quarter. Engineers Gate Manager LP’s holdings in PPL were worth $22,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PPL. Washington Trust Advisors Inc. grew its holdings in shares of PPL by 494.5% during the second quarter. Washington Trust Advisors Inc. now owns 862 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 717 shares during the last quarter. Allied Private Wealth LLC acquired a new position in PPL in the 2nd quarter valued at approximately $42,000. Covestor Ltd increased its position in PPL by 206.7% in the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 870 shares during the period. Root Financial Partners LLC lifted its holdings in shares of PPL by 72.5% during the first 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 during the period. Finally, Rossby Financial LCC lifted 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 worth $105,000 after purchasing an additional 1,240 shares during the period. Institutional investors own 76.99% of the company’s stock.

Insider Activity

In other news, Director Kristen Robinson sold 37,107 shares of PPL 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 transaction, the director directly owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashley Johnson sold 34,993 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company’s stock.

PPL Trading Down 1.4%

NYSE:PPL opened at $34.59 on Thursday. The firm’s fifty day moving average is $35.46 and its 200-day moving average is $36.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10. The firm has a market cap of $26.03 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.43 and a beta of 0.57.

PPL (NYSE:PPL) last announced its 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). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.PPL’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts expect 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. Stockholders of record on Thursday, September 10th will be given a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. PPL’s dividend payout ratio (DPR) is 67.46%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PPL shares. 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, August 21st. JPMorgan Chase & Co. lifted their target price on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Barclays upped their price target on PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Mizuho raised PPL to a “hold” rating in a research note on Friday, July 3rd. Finally, Evercore set a $42.00 price objective on PPL in a research report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

About PPL

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas to residential, commercial, and industrial customers, while also operating and maintaining generation, transmission, and distribution infrastructure.

PPL’s Pennsylvania operations are conducted through PPL Electric Utilities, which provides electric delivery service across much of central and eastern Pennsylvania.