Wealthfront Advisers LLC Has $8.77 Million Holdings in PPL Corporation $PPL

Wealthfront Advisers LLC trimmed its position in PPL Corporation (NYSE:PPL) by 19.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 241,332 shares of the utilities provider’s stock after selling 59,390 shares during the period. Wealthfront Advisers LLC’s holdings in PPL were worth $8,772,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PPL. Allied Private Wealth LLC bought a new stake in PPL during the 2nd quarter worth $42,000. Covestor Ltd raised its position in PPL by 206.7% in the second quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 870 shares during the last quarter. Root Financial Partners LLC raised its position in PPL by 72.5% in the first quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after purchasing an additional 1,087 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of PPL by 70.0% during the fourth quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of PPL during the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PPL shares. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research note on Thursday, June 4th. JPMorgan Chase & Co. lifted their target price 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. Bank of America reduced their target price on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Barclays upped their price target on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of PPL in a research note on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, PPL currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.42.

PPL Trading Down 0.3%

NYSE PPL opened at $35.51 on Thursday. The firm has a market capitalization of $26.72 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.44 and a beta of 0.57. The business’s 50-day moving average price is $35.87 and its two-hundred day moving average price is $36.77. 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 12 month low of $33.17 and a 12 month high of $40.10.

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

Insider Buying and Selling

In other PPL news, Director Kristen Robinson sold 37,107 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm’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 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 position. The SEC filing for this sale provides additional information. Corporate 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.