26,725 Shares in PPL Corporation $PPL Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of PPL Corporation (NYSE:PPL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,725 shares of the utilities provider’s stock, valued at approximately $971,000.

Several other large investors also recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new position in shares of PPL in the second quarter worth about $42,000. Covestor Ltd lifted its stake in shares of PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after buying an additional 870 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after buying an additional 1,087 shares in the last quarter. Rossby Financial LCC boosted its holdings in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,240 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in PPL in the 4th quarter valued at approximately $119,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Analyst Upgrades and Downgrades

PPL has been the topic of a number of analyst reports. BTIG Research reissued a “buy” rating on shares of PPL in a report on Thursday, June 4th. Evercore set a $42.00 price target on PPL in a research report on Monday, August 17th. Bank of America decreased their price objective on PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Morgan Stanley cut their target price on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. Finally, BMO Capital Markets reduced their target price on PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, PPL currently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

PPL Stock Down 2.2%

PPL opened at $34.42 on Friday. The business’s fifty day simple moving average is $35.83 and its 200 day simple moving average is $36.75. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market cap of $25.90 billion, a PE ratio of 20.37, a P/E/G ratio of 2.35 and a beta of 0.57.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same period last 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 earnings per share for the current fiscal year.

PPL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Insider Activity at PPL

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the transaction, the chief financial officer directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction of $929,530.35. Following the transaction, the director owned 222,897 shares in the company, valued at $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 currently owned by insiders.

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.