PPL Corporation $PPL is Energy Income Partners LLC’s 10th Largest Position

Energy Income Partners LLC lessened its position in PPL Corporation (NYSE:PPL) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,915,845 shares of the utilities provider’s stock after selling 98,887 shares during the quarter. PPL makes up 2.2% of Energy Income Partners LLC’s investment portfolio, making the stock its 10th largest holding. Energy Income Partners LLC’s holdings in PPL were worth $142,341,000 at the end of the most recent quarter.

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

Insider Buying and Selling at PPL

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director directly owned 222,897 shares of the company’s stock, valued at $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.34% of the company’s stock.

PPL Trading Down 0.8%

NYSE PPL opened at $35.66 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10. The stock has a market capitalization of $26.84 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The firm has a 50 day moving average of $35.87 and a two-hundred day moving average of $36.78.

PPL (NYSE:PPL) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. PPL’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 business posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, research analysts expect that PPL Corporation will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of PPL in a research note on Wednesday, July 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of PPL in a research report on Tuesday, April 21st. Finally, Evercore set a $42.00 price objective on PPL in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, PPL has an average rating of “Moderate Buy” and a consensus target price of $41.42.

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.