OMERS ADMINISTRATION Corp Takes $1.54 Million Position in PPL Corporation $PPL

OMERS ADMINISTRATION Corp purchased a new stake in shares of PPL Corporation (NYSE:PPL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 42,433 shares of the utilities provider’s stock, valued at approximately $1,542,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. lifted its holdings in PPL by 2.0% in the 4th quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after buying an additional 88,531 shares in the last quarter. Deutsche Bank AG grew its stake in shares of PPL by 23.7% during the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after acquiring an additional 393,748 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of PPL by 9.3% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock worth $66,786,000 after acquiring an additional 157,005 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of PPL during the second quarter worth about $28,297,000. Finally, Korea Investment CORP acquired a new position in shares of PPL in the second quarter worth about $27,134,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Stock Performance

Shares of PPL stock opened at $34.97 on Thursday. 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 Corporation has a one year low of $33.17 and a one year high of $40.10. The company’s 50-day simple moving average is $35.78 and its 200-day simple moving average is $36.75. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.39 and a beta of 0.57.

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

PPL Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction 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 transaction, the director owned 222,897 shares in the company, valued at $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on PPL shares. Jefferies Financial Group reduced their price target on PPL from $48.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. BTIG Research restated a “buy” rating on shares of PPL in a report on Thursday, June 4th. Mizuho raised PPL to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. increased their target price on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Barclays raised their price target on shares of PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.