Kayne Anderson Capital Advisors LP Purchases New Holdings in PPL Corporation $PPL

Kayne Anderson Capital Advisors LP purchased a new stake in PPL Corporation (NYSE:PPL) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 277,802 shares of the utilities provider’s stock, valued at approximately $10,098,000.

A number of other large investors have also added to or reduced their stakes in PPL. Allied Private Wealth LLC bought a new position in PPL during the 2nd quarter worth $42,000. Covestor Ltd lifted its position in shares of PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 870 shares during the period. Root Financial Partners LLC lifted its position in shares of PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 1,087 shares during the period. Rossby Financial LCC lifted its position in shares of PPL by 70.0% during the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,240 shares during the period. Finally, Silvant Capital Management LLC acquired a new stake in shares of PPL during the 2nd quarter worth $119,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

Wall Street Analysts Forecast Growth

PPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. BMO Capital Markets cut their price objective on shares of PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Bank of America reduced their price objective on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Evercore set a $42.00 target price on shares of PPL in a report on Monday. Finally, Mizuho upgraded shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.42.

Insider Activity

In other PPL news, Director Kristen Robinson sold 37,107 shares of PPL 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 transaction, the director owned 222,897 shares in the company, valued at $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following 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. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company’s stock.

PPL Trading Down 0.8%

Shares of PPL stock opened at $35.21 on Friday. The stock’s fifty day moving average price is $35.86 and its two-hundred day moving average price is $36.77. The company 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 Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. 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 (NYSE:PPL) last issued its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) 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 business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The company’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 analysts predict that PPL Corporation will post 1.94 EPS for the current fiscal year.

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.