PPL Corporation $PPL Shares Purchased by First Hawaiian Bank

First Hawaiian Bank increased its holdings in shares of PPL Corporation (NYSE:PPL) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,625 shares of the utilities provider’s stock after acquiring an additional 4,813 shares during the period. First Hawaiian Bank’s holdings in PPL were worth $1,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. grew its holdings in PPL by 5.1% in the fourth quarter. Baird Financial Group Inc. now owns 14,476 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 698 shares during the last quarter. Ethic Inc. acquired a new stake in PPL in the fourth quarter valued at $254,000. Focus Partners Wealth grew its holdings in PPL by 11.9% in the fourth quarter. Focus Partners Wealth now owns 23,777 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 2,531 shares during the last quarter. Janus Henderson Group PLC grew its holdings in PPL by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 81,732 shares of the utilities provider’s stock valued at $2,655,000 after purchasing an additional 1,691 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PPL by 5.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,506 shares of the utilities provider’s stock valued at $2,289,000 after purchasing an additional 3,331 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen lowered PPL from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Barclays upgraded PPL from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, PPL has a consensus rating of “Buy” and an average price target of $36.70.

PPL Stock Performance

NYSE PPL opened at $36.17 on Friday. The business’s 50-day moving average price is $36.02 and its 200 day moving average price is $35.17. PPL Corporation has a twelve month low of $31.22 and a twelve month high of $37.38. The company has a market capitalization of $26.74 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.65. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07.

PPL (NYSE:PPL) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.99 billion. PPL had a return on equity of 8.81% and a net margin of 11.22%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. On average, research analysts predict that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, September 10th. PPL’s dividend payout ratio (DPR) is 81.34%.

Insider Activity at PPL

In other news, COO David J. Bonenberger sold 2,165 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the transaction, the chief operating officer directly owned 45,560 shares in the company, valued at $1,633,781.60. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.