PPL Corporation $PPL Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in shares of PPL Corporation (NYSE:PPL) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,984 shares of the utilities provider’s stock after acquiring an additional 311 shares during the quarter. Parallel Advisors LLC’s holdings in PPL were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PPL. Boston Partners increased its holdings in PPL by 37.2% during the 1st quarter. Boston Partners now owns 13,062,423 shares of the utilities provider’s stock valued at $471,756,000 after acquiring an additional 3,544,282 shares in the last quarter. American Century Companies Inc. increased its holdings in PPL by 1,418.1% during the 1st quarter. American Century Companies Inc. now owns 2,909,371 shares of the utilities provider’s stock valued at $105,057,000 after acquiring an additional 2,717,726 shares in the last quarter. Nuveen LLC purchased a new position in PPL during the 1st quarter valued at about $60,020,000. JPMorgan Chase & Co. increased its holdings in PPL by 42.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,779,155 shares of the utilities provider’s stock valued at $172,575,000 after acquiring an additional 1,434,778 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in PPL during the 1st quarter valued at about $29,617,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PPL

In related news, COO David J. Bonenberger sold 2,165 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total transaction of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PPL has been the topic of a number of recent research reports. Barclays upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. Wall Street Zen lowered shares of PPL from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of PPL in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, PPL currently has an average rating of “Buy” and a consensus target price of $36.67.

PPL Stock Up 0.3%

PPL stock opened at $35.69 on Friday. PPL Corporation has a twelve month low of $31.22 and a twelve month high of $37.38. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26.39 billion, a P/E ratio of 26.63, a PEG ratio of 2.56 and a beta of 0.65. The firm has a 50 day simple moving average of $36.19 and a 200-day simple moving average of $35.20.

PPL (NYSE:PPL) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). PPL had a return on equity of 8.81% and a net margin of 11.22%.The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. On average, equities research analysts predict that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.2725 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 annualized dividend and a yield of 3.1%. PPL’s dividend payout ratio (DPR) is 81.34%.

About PPL

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.