Public Employees Retirement System of Ohio Purchases Shares of 232,984 PPL Corporation $PPL

Public Employees Retirement System of Ohio purchased a new position in shares of PPL Corporation (NYSE:PPL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 232,984 shares of the utilities provider’s stock, valued at approximately $8,469,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new stake in shares of PPL in the 2nd quarter valued at approximately $42,000. Covestor Ltd increased its holdings 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 buying an additional 870 shares during the last quarter. Root Financial Partners LLC increased its holdings 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 buying an additional 1,087 shares during the last quarter. Rossby Financial LCC raised its position in 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 acquiring an additional 1,240 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in PPL during the fourth quarter worth $119,000. Institutional investors own 76.99% of the company’s stock.

Insider Activity at PPL

In other news, Director Kristen Robinson sold 37,107 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction that occurred 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 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 currently owned by corporate insiders.

PPL Stock Performance

NYSE PPL opened at $34.19 on Tuesday. The firm has a 50-day moving average of $35.71 and a 200-day moving average of $36.71. 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 has a market cap of $25.73 billion, a PE ratio of 20.23, a P/E/G ratio of 2.34 and a beta of 0.57. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10.

PPL (NYSE:PPL) last announced its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.19 billion. During the same quarter last year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts anticipate that PPL Corporation will post 1.94 EPS for the current year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 3.3%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PPL. BMO Capital Markets decreased their price objective on shares of PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Barclays upped their target price on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Evercore set a $42.00 target price on shares of PPL in a research note on Monday, August 17th. Morgan Stanley reduced their price target on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Finally, Bank of America lowered their price target on PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, PPL has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.