Pure Financial Advisors LLC Purchases Shares of 15,415 PPL Corporation $PPL

Pure Financial Advisors LLC purchased a new position in shares of PPL Corporation (NYSE:PPL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,415 shares of the utilities provider’s stock, valued at approximately $560,000.

A number of other large investors also recently modified their holdings of PPL. Allied Private Wealth LLC acquired a new stake in PPL during the 2nd quarter worth approximately $42,000. Covestor Ltd grew its stake in PPL by 206.7% during the second quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after buying an additional 870 shares during the period. Root Financial Partners LLC grew its stake in PPL by 72.5% during the first quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock worth $99,000 after buying an additional 1,087 shares during the period. Rossby Financial LCC increased its position in shares of PPL by 70.0% in the fourth quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of PPL in the fourth quarter worth $119,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PPL

In related news, Director Kristen Robinson sold 37,107 shares of the stock in a transaction dated 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 transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the completion of the transaction, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This represents a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PPL shares. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Evercore set a $42.00 price objective on PPL in a research report on Monday, August 17th. Barclays boosted their price objective on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets decreased their target price on PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Morgan Stanley lowered their target price on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, PPL currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

PPL Trading Down 1.6%

NYSE PPL opened at $34.45 on Friday. The stock has a market cap of $25.93 billion, a P/E ratio of 20.39, a PEG ratio of 2.40 and a beta of 0.57. The company’s fifty day simple moving average is $35.76 and its 200-day simple moving average is $36.74. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10.

PPL (NYSE:PPL) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $0.32 earnings per share. PPL’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 EPS for the current fiscal year.

PPL Dividend Announcement

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

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.