Elevation Point Wealth Partners LLC Makes New $564,000 Investment in PPL Corporation $PPL

Elevation Point Wealth Partners LLC acquired a new stake in 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 acquired 15,413 shares of the utilities provider’s stock, valued at approximately $564,000.

Several other large investors also recently modified their holdings of PPL. Allied Private Wealth LLC acquired a new position in PPL during the 2nd quarter worth $42,000. Covestor Ltd lifted its position in shares of 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 last quarter. Root Financial Partners LLC grew its stake in PPL by 72.5% in 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 in the last quarter. Rossby Financial LCC grew its stake in PPL by 70.0% in 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 bought a new stake in PPL in the fourth quarter valued at about $119,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PPL shares. BMO Capital Markets lowered their price target on 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. Mizuho raised shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley decreased 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, BTIG Research reaffirmed a “buy” rating on shares of PPL in a report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

Insider Activity

In related news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by insiders.

PPL Price Performance

Shares of PPL opened at $35.04 on Tuesday. The firm has a market capitalization of $26.37 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The stock’s fifty day moving average is $35.81 and its 200-day moving average is $36.75. PPL Corporation has a one year low of $33.17 and a one year high of $40.10.

PPL (NYSE:PPL) last posted its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a net margin of 13.47% and a return on equity of 9.33%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts anticipate that PPL Corporation will post 1.94 EPS for the current year.

PPL Announces Dividend

The company also recently announced 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 of this dividend is Thursday, September 10th. PPL’s payout ratio is presently 67.46%.

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.