PPL Corporation $PPL Shares Bought by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA grew its stake in shares of PPL Corporation (NYSE:PPL) by 8.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 323,163 shares of the utilities provider’s stock after acquiring an additional 24,255 shares during the period. Roffman Miller Associates Inc. PA’s holdings in PPL were worth $12,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of PPL by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,770,101 shares of the utilities provider’s stock worth $100,028,000 after acquiring an additional 187,083 shares in the last quarter. Old Port Advisors acquired a new position in PPL during the second quarter worth $708,000. Miller Howard Investments Inc. NY boosted its position in PPL by 2.8% during the second quarter. Miller Howard Investments Inc. NY now owns 319,377 shares of the utilities provider’s stock worth $10,824,000 after purchasing an additional 8,825 shares in the last quarter. BROOKFIELD Corp ON grew its holdings in PPL by 38.2% in the first quarter. BROOKFIELD Corp ON now owns 998,207 shares of the utilities provider’s stock valued at $36,045,000 after purchasing an additional 275,693 shares during the last quarter. Finally, Bank of Hawaii acquired a new stake in PPL in the first quarter valued at $326,000. 76.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of PPL from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their target price on PPL from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Bank of America raised their price target on PPL from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Evercore ISI assumed coverage on PPL in a research report on Monday, October 6th. They set an “outperform” rating and a $43.00 price objective for the company. Finally, Wall Street Zen cut shares of PPL from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $41.20.

PPL Stock Performance

PPL stock opened at $34.69 on Tuesday. The stock has a fifty day moving average price of $36.02 and a 200 day moving average price of $35.76. PPL Corporation has a 52 week low of $31.22 and a 52 week high of $38.26. The firm has a market capitalization of $25.66 billion, a P/E ratio of 23.44, a PEG ratio of 2.58 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.18.

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

PPL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, December 10th. PPL’s payout ratio is presently 73.65%.

PPL 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.