Deutsche Bank AG Buys 393,748 Shares of PPL Corporation $PPL

Deutsche Bank AG raised its stake in shares of PPL Corporation (NYSE:PPL) by 23.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,056,733 shares of the utilities provider’s stock after buying an additional 393,748 shares during the quarter. Deutsche Bank AG’s holdings in PPL were worth $74,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of PPL by 3.8% in the third quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock worth $347,000 after buying an additional 341 shares in the last quarter. Cary Street Partners Financial LLC grew its stake in PPL by 6.9% during the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 343 shares in the last quarter. Ethos Financial Group LLC grew its stake in PPL by 0.9% during the first quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock valued at $1,723,000 after acquiring an additional 429 shares in the last quarter. Plimoth Trust Co. LLC increased its holdings in PPL by 3.8% during the 1st quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 450 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its holdings in PPL by 7.0% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 7,411 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 487 shares during the period. 76.99% of the stock is currently owned by institutional investors.

PPL Stock Down 0.8%

Shares of NYSE PPL opened at $35.21 on Friday. The stock has a market capitalization of $26.50 billion, a P/E ratio of 20.83, a PEG ratio of 2.43 and a beta of 0.57. PPL Corporation has a one year low of $33.17 and a one year high of $40.10. The firm’s 50 day simple moving average is $35.86 and its two-hundred day simple moving average is $36.77. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73.

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). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, analysts expect that PPL Corporation will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other PPL news, Director Kristen Robinson sold 37,107 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares of the company’s stock, valued at $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BTIG Research reissued a “buy” rating on shares of PPL in a report on Thursday, June 4th. Mizuho raised PPL to a “hold” rating in a research note on Friday, July 3rd. 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 research report on Monday, July 20th. Barclays upped their target price on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised 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. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and a consensus price target 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.