PPL Corporation $PPL Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in PPL Corporation (NYSE:PPL) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,187 shares of the utilities provider’s stock after purchasing an additional 939 shares during the period. GAMMA Investing LLC’s holdings in PPL were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. lifted its stake in shares of PPL by 141.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 423 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of PPL by 94.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 397 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of PPL by 8,350.0% in the 1st quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in shares of PPL in the 1st quarter valued at $32,000. Finally, Truvestments Capital LLC lifted its stake in shares of PPL by 5,352.9% in the 1st quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 910 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PPL shares. Wall Street Zen lowered PPL from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Barclays upgraded PPL from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of PPL in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $36.67.

PPL Trading Up 0.6%

PPL opened at $36.51 on Thursday. PPL Corporation has a one year low of $31.22 and a one year high of $37.38. The company has a market cap of $27.00 billion, a P/E ratio of 27.25, a PEG ratio of 2.61 and a beta of 0.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59. The business’s 50-day simple moving average is $36.25 and its 200-day simple moving average is $35.23.

PPL (NYSE:PPL) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). PPL had a net margin of 11.22% and a return on equity of 8.81%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.750-1.870 EPS. As a group, equities research analysts expect that PPL Corporation will post 1.83 EPS for the current fiscal year.

PPL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. PPL’s dividend payout ratio is presently 81.34%.

Insider Activity at PPL

In other news, COO David J. Bonenberger sold 2,165 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $35.86, for a total value of $77,636.90. Following the transaction, the chief operating officer owned 45,560 shares in the company, valued at approximately $1,633,781.60. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.