GQG Partners LLC Invests $5.33 Million in PPL Corporation $PPL

GQG Partners LLC acquired a new position in PPL Corporation (NYSE:PPL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 146,588 shares of the utilities provider’s stock, valued at approximately $5,328,000.

Several other hedge funds have also recently bought and sold shares of PPL. Allied Private Wealth LLC acquired a new stake in shares of PPL in the second quarter valued at approximately $42,000. Covestor Ltd boosted 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 buying an additional 870 shares during the period. Root Financial Partners LLC grew its holdings in PPL by 72.5% in the 1st 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 in the last quarter. Rossby Financial LCC increased its position in PPL by 70.0% in the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,240 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in PPL in the 4th quarter valued at approximately $119,000. 76.99% of the stock is currently owned by institutional investors.

PPL Trading Down 2.2%

Shares of PPL stock opened at $34.42 on Friday. The business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $36.75. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two 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.

PPL (NYSE:PPL) last issued 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). 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 last year, the firm posted $0.32 earnings per share. PPL’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. On average, equities analysts forecast that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PPL shares. Evercore set a $42.00 price target on PPL in a research note on Monday, August 17th. Weiss Ratings cut shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. BTIG Research reaffirmed a “buy” rating on shares of PPL in a report on Thursday, June 4th. Mizuho upgraded shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Finally, BMO Capital Markets decreased their target price 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. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

Insider Buying and Selling at PPL

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