Mitsubishi UFJ Asset Management Co. Ltd. Has $66.79 Million Holdings in PPL Corporation $PPL

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in PPL Corporation (NYSE:PPL) by 9.3% in the second quarter, Holdings Channel reports. The fund owned 1,837,296 shares of the utilities provider’s stock after acquiring an additional 157,005 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PPL were worth $66,786,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Allied Private Wealth LLC bought a new stake in PPL during the 2nd quarter worth $42,000. Root Financial Partners LLC increased 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 purchasing an additional 1,087 shares in the last quarter. Rossby Financial LCC raised its position in PPL by 70.0% in the fourth quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,240 shares during the last quarter. Elyxium Wealth LLC bought a new position in PPL in the fourth quarter valued at about $119,000. Finally, Versant Capital Management Inc boosted its stake in shares of PPL by 128.0% during the second quarter. Versant Capital Management Inc now owns 4,277 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 2,401 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insider Buying and Selling at PPL

In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the company’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 sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction 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 position. The SEC filing for this sale provides additional information. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PPL shares. Barclays boosted their price target on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Mizuho upgraded shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Bank of America reduced their target price on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, BMO Capital Markets decreased their price target 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.42.

PPL Stock Down 0.3%

PPL stock opened at $35.51 on Thursday. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.44 and a beta of 0.57. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10. 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 firm has a 50 day moving average price of $35.87 and a two-hundred day moving average price of $36.77.

PPL (NYSE:PPL) last posted its quarterly earnings data 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts predict that PPL Corporation will post 1.94 EPS for the current year.

PPL Company Profile

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.