PPL Corporation $PPL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in PPL Corporation (NYSE:PPL) by 78.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,077 shares of the utilities provider’s stock after selling 190,774 shares during the quarter. SG Americas Securities LLC’s holdings in PPL were worth $1,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Wealth Strategies & Associates purchased a new position in PPL in the 3rd quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in shares of PPL by 322.5% during the third quarter. Sound Income Strategies LLC now owns 959 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 732 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of PPL in the second quarter valued at approximately $44,000. FNY Investment Advisers LLC acquired a new stake in shares of PPL in the second quarter worth approximately $84,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of PPL by 64.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,695 shares of the utilities provider’s stock worth $159,000 after purchasing an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Price Performance

PPL stock opened at $35.52 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $35.27 and a 200 day moving average price of $35.89. PPL Corporation has a 12-month low of $31.99 and a 12-month high of $38.26. The stock has a market cap of $26.28 billion, a P/E ratio of 24.00, a PEG ratio of 2.44 and a beta of 0.70.

PPL (NYSE:PPL) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. PPL had a net margin of 12.16% and a return on equity of 9.08%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. Sell-side analysts anticipate that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th were given a $0.2725 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a yield of 3.1%. PPL’s payout ratio is currently 73.65%.

Wall Street Analysts Forecast Growth

PPL has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating and issued a $40.00 price objective on shares of PPL in a report on Thursday, November 20th. Bank of America raised their price target on shares of PPL from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Barclays boosted their price target on shares of PPL from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised their target price on shares of PPL from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, BTIG Research upgraded PPL to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $41.20.

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.