Greenland Capital Management LP Invests $10.24 Million in PPL Corporation $PPL

Greenland Capital Management LP acquired a new position in shares of PPL Corporation (NYSE:PPL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 281,789 shares of the utilities provider’s stock, valued at approximately $10,243,000. PPL makes up approximately 1.3% of Greenland Capital Management LP’s portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new position in PPL in the second quarter valued at about $42,000. Covestor Ltd raised its stake in shares of PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 870 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after buying an additional 1,087 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of PPL by 70.0% during the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,240 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new stake in shares of PPL in the 2nd quarter valued at approximately $119,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

PPL has been the topic of several recent research reports. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Bank of America decreased their target price on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Mizuho upgraded shares of PPL to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley cut their price target on shares of PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

PPL Trading Down 2.2%

Shares of NYSE:PPL opened at $34.42 on Friday. The company has a market cap of $25.90 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.35 and a beta of 0.57. The stock’s 50-day moving average is $35.83 and its 200-day moving average is $36.75. PPL Corporation has a 52-week low of $33.17 and a 52-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.

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

PPL Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s payout ratio is currently 67.46%.

Insider Activity at PPL

In other news, Director Kristen Robinson sold 37,107 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the transaction, the chief financial officer owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.34% of the company’s stock.

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.