PPL Corporation $PPL Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in PPL Corporation (NYSE:PPL) by 151.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,538 shares of the utilities provider’s stock after acquiring an additional 15,992 shares during the period. Parallel Advisors LLC’s holdings in PPL were worth $873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its holdings in PPL by 4.4% in the 3rd quarter. Alps Advisors Inc. now owns 88,172 shares of the utilities provider’s stock valued at $2,900,000 after buying an additional 3,721 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of PPL during the 3rd quarter worth about $279,000. CenterBook Partners LP lifted its holdings in shares of PPL by 110.4% during the 3rd quarter. CenterBook Partners LP now owns 21,461 shares of the utilities provider’s stock worth $706,000 after acquiring an additional 11,263 shares during the period. Asset One Wealth Management LLC acquired a new stake in shares of PPL during the 3rd quarter valued at about $236,000. Finally, International Assets Investment Management LLC boosted its position in shares of PPL by 143.1% during the 3rd quarter. International Assets Investment Management LLC now owns 9,451 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 5,563 shares in the last quarter. 76.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PPL

In related news, EVP Wendy Stark sold 5,406 shares of PPL stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $35.11, for a total value of $189,804.66. Following the completion of the transaction, the executive vice president directly owned 99,220 shares of the company’s stock, valued at $3,483,614.20. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PPL. JPMorgan Chase & Co. increased their price target on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lifted their price objective on PPL from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, September 28th. HSBC assumed coverage on PPL in a research note on Thursday, October 22nd. They issued a “buy” rating and a $42.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating on shares of PPL in a report on Monday. Finally, Barclays dropped their target price on PPL from $41.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.12.

PPL Trading Up 0.0%

Shares of PPL stock opened at $35.72 on Wednesday. PPL Corporation has a 12-month low of $31.56 and a 12-month high of $40.10. The company has a market capitalization of $26.88 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.49 and a beta of 0.55. The firm has a 50-day moving average price of $34.27 and a 200 day moving average price of $36.05. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.31.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, November 6th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. PPL had a net margin of 13.62% and a return on equity of 9.58%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. PPL has set its FY 2026 guidance at 1.920-1.960 EPS. Research analysts forecast that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.2850 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. PPL’s dividend payout ratio (DPR) is 65.14%.

PPL Company Profile

PPL Corporation is an energy company that owns regulated electric and natural gas utilities. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. PPL serves customers in Pennsylvania, Kentucky and Rhode Island through subsidiaries including PPL Electric Utilities, Louisville Gas and Electric Company, Kentucky Utilities and Rhode Island Energy. Its utility operations maintain the infrastructure used to provide energy and support related customer services.