PPL Corporation $PPL Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in shares of PPL Corporation (NYSE:PPL) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,055 shares of the utilities provider’s stock after selling 1,385 shares during the quarter. TD Private Client Wealth LLC’s holdings in PPL were worth $2,510,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Boston Partners raised its position in PPL by 37.2% in the first quarter. Boston Partners now owns 13,062,423 shares of the utilities provider’s stock valued at $471,756,000 after purchasing an additional 3,544,282 shares during the period. American Century Companies Inc. raised its holdings in PPL by 1,418.1% in the 1st quarter. American Century Companies Inc. now owns 2,909,371 shares of the utilities provider’s stock valued at $105,057,000 after buying an additional 2,717,726 shares during the period. Nuveen LLC acquired a new position in PPL in the first quarter valued at about $60,020,000. JPMorgan Chase & Co. boosted its stake in PPL by 42.9% during the first quarter. JPMorgan Chase & Co. now owns 4,779,155 shares of the utilities provider’s stock worth $172,575,000 after buying an additional 1,434,778 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of PPL during the first quarter valued at about $29,617,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of PPL in a research report on Thursday, August 21st. Barclays upgraded PPL from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Wall Street Zen lowered PPL from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $36.67.

PPL Price Performance

Shares of NYSE PPL opened at $36.51 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.49. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. The stock’s 50-day moving average is $36.25 and its two-hundred day moving average is $35.23. PPL Corporation has a 1-year low of $31.22 and a 1-year high of $37.38.

PPL (NYSE:PPL) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05). PPL had a net margin of 11.22% and a return on equity of 8.81%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. Analysts forecast that PPL Corporation will post 1.83 EPS for the current fiscal 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 presently 81.34%.

Insider Activity

In related news, COO David J. Bonenberger sold 2,165 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $35.86, for a total transaction of $77,636.90. Following the completion of the transaction, the chief operating officer owned 45,560 shares in the company, valued at approximately $1,633,781.60. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

About PPL

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.