Portfolio Design Labs LLC Invests $2.59 Million in PPL Corporation $PPL

Portfolio Design Labs LLC bought a new position in shares of PPL Corporation (NYSE:PPL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 71,348 shares of the utilities provider’s stock, valued at approximately $2,594,000.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in PPL by 3.8% in the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after buying an additional 341 shares in the last quarter. Cary Street Partners Financial LLC increased its position in PPL by 6.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock worth $180,000 after buying an additional 343 shares during the period. Ethos Financial Group LLC lifted its holdings in shares of PPL by 0.9% during the first quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock worth $1,723,000 after buying an additional 429 shares in the last quarter. Plimoth Trust Co. LLC boosted its position in shares of PPL by 3.8% in the first quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 450 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its position in shares of PPL by 7.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 7,411 shares of the utilities provider’s stock valued at $283,000 after acquiring an additional 487 shares during the period. 76.99% of the stock is currently owned by institutional investors.

PPL Stock Performance

PPL stock opened at $35.21 on Friday. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The business’s 50-day moving average price is $35.86 and its two-hundred day moving average price is $36.77. The stock has a market cap of $26.50 billion, a PE ratio of 20.83, a P/E/G ratio of 2.43 and a beta of 0.57.

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

Insider Activity at PPL

In related news, Director Kristen Robinson sold 37,107 shares of the company’s 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 transaction, the director directly owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Morgan Stanley reissued an “overweight” rating on shares of PPL in a report on Wednesday, July 22nd. Evercore set a $42.00 target price on shares of PPL in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Bank of America dropped their price target 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. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.42.

About PPL

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.