Truist Financial Initiates Coverage on PPL (NYSE:PPL)

Investment analysts at Truist Financial initiated coverage on shares of PPL (NYSE:PPL) in a research report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $41.00 price target on the utilities provider’s stock. Truist Financial‘s price target points to a potential upside of 17.27% from the company’s current price.

Several other research firms have also commented on PPL. HSBC started coverage on PPL in a report on Thursday, October 22nd. They set a “buy” rating and a $42.00 price target on the stock. Bank of America reaffirmed a “buy” rating on shares of PPL in a research report on Thursday. Wells Fargo & Company raised their target price on PPL from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their target price on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $41.00 price objective on shares of PPL in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, PPL currently has an average rating of “Moderate Buy” and an average target price of $40.06.

PPL Trading Down 0.0%

Shares of PPL stock opened at $34.96 on Tuesday. The company has a market cap of $26.31 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 3.42 and a beta of 0.56. PPL has a fifty-two week low of $31.56 and a fifty-two 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 simple moving average of $34.13 and a two-hundred day simple moving average of $36.05.

PPL (NYSE:PPL) last announced its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities analysts predict that PPL will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Wendy Stark sold 5,406 shares of PPL stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $35.11, for a total transaction of $189,804.66. Following the transaction, the executive vice president owned 99,220 shares in the company, valued at approximately $3,483,614.20. The trade was a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of PPL during the 2nd quarter worth approximately $187,326,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of PPL by 7.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider’s stock worth $114,787,000 after purchasing an additional 208,820 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of PPL by 23.7% in the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock worth $74,762,000 after acquiring an additional 393,748 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in PPL by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock worth $66,786,000 after purchasing an additional 157,005 shares during the period. Finally, Cullen Capital Management LLC acquired a new stake in PPL during the 2nd quarter worth about $54,611,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

About PPL

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.