GSA Capital Partners LLP Buys 30,313 Shares of PPL Corporation $PPL

GSA Capital Partners LLP raised its stake in PPL Corporation (NYSE:PPL) by 569.8% during the second quarter, Holdings Channel reports. The fund owned 35,633 shares of the utilities provider’s stock after buying an additional 30,313 shares during the period. GSA Capital Partners LLP’s holdings in PPL were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allied Private Wealth LLC purchased a new stake in shares of PPL during the 2nd quarter worth approximately $42,000. Root Financial Partners LLC lifted its stake 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 lifted its stake in PPL by 70.0% in 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 during the last quarter. Elyxium Wealth LLC bought a new position in PPL during the fourth quarter valued at $119,000. Finally, Versant Capital Management Inc grew its holdings in PPL by 128.0% during the second quarter. Versant Capital Management Inc now owns 4,277 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 2,401 shares during the period. 76.99% of the stock is owned by institutional investors.

Insider Buying and Selling at PPL

In related news, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the firm’s 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 completion of the transaction, 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 SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PPL has been the topic of several research reports. BTIG Research restated a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Weiss Ratings downgraded PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased their price target on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays lifted their price objective on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets lowered their price objective on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.42.

PPL Stock Down 0.1%

PPL opened at $35.98 on Tuesday. PPL Corporation has a 12 month low of $33.17 and a 12 month high of $40.10. The company has a market cap of $27.08 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average of $35.87 and a 200 day moving average of $36.79.

PPL (NYSE:PPL) last issued its earnings results 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 business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts expect that PPL Corporation will post 1.94 EPS for the current year.

PPL 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.