PPL Corporation $PPL Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in PPL Corporation (NYSE:PPL) by 905.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 523,756 shares of the utilities provider’s stock after purchasing an additional 471,679 shares during the period. SG Americas Securities LLC’s holdings in PPL were worth $18,342,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PPL. Reaves W H & Co. Inc. grew its position in shares of PPL by 13.5% in the 3rd quarter. Reaves W H & Co. Inc. now owns 4,336,283 shares of the utilities provider’s stock worth $161,136,000 after acquiring an additional 515,523 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of PPL by 59.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 452,711 shares of the utilities provider’s stock valued at $16,823,000 after acquiring an additional 168,818 shares in the last quarter. Allstate Corp bought a new position in PPL during the third quarter worth $1,009,000. Roffman Miller Associates Inc. PA lifted its stake in PPL by 8.1% during the third quarter. Roffman Miller Associates Inc. PA now owns 323,163 shares of the utilities provider’s stock worth $12,009,000 after purchasing an additional 24,255 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in PPL by 40.7% in the first quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider’s stock worth $2,252,000 after purchasing an additional 18,057 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PPL shares. Wells Fargo & Company lowered their target price on shares of PPL from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. BMO Capital Markets lifted their price target on shares of PPL from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Barclays raised shares of PPL from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $37.00 to $40.00 in a research report on Tuesday, February 24th. Morgan Stanley reiterated an “overweight” rating and set a $42.00 price objective on shares of PPL in a research note on Friday, February 20th. Finally, Mizuho raised their target price on shares of PPL from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.17.

PPL Trading Up 0.3%

Shares of NYSE:PPL opened at $37.66 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.21. The company’s 50-day moving average price is $37.25 and its 200 day moving average price is $36.39. The company has a market cap of $28.29 billion, a PE ratio of 23.54, a P/E/G ratio of 2.62 and a beta of 0.70. PPL Corporation has a fifty-two week low of $32.50 and a fifty-two week high of $39.08.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, February 20th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). PPL had a return on equity of 9.29% and a net margin of 13.06%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts anticipate that PPL Corporation will post 1.83 earnings per share for the current year.

PPL Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a $0.285 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.0%. This is a boost from PPL’s previous quarterly dividend of $0.27. PPL’s payout ratio is currently 71.25%.

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.