Kingsview Wealth Management LLC Acquires Shares of 34,974 PPL Corporation $PPL

Kingsview Wealth Management LLC acquired a new stake in PPL Corporation (NYSE:PPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,974 shares of the utilities provider’s stock, valued at approximately $1,271,000.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in PPL in the second quarter valued at approximately $187,326,000. Cullen Capital Management LLC acquired a new position in shares of PPL in the 2nd quarter valued at $54,611,000. Hsbc Holdings PLC acquired a new position in shares of PPL in the 2nd quarter valued at $48,651,000. Man Group plc acquired a new stake in PPL during the second quarter valued at $36,935,000. Finally, Canada Pension Plan Investment Board acquired a new stake in PPL during the second quarter valued at $33,729,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PPL

In other news, CFO Ashley F. Johnson sold 34,993 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by company insiders.

PPL Stock Down 0.7%

Shares of NYSE PPL opened at $34.20 on Friday. The company has a market capitalization of $25.74 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.34 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The company has a 50 day simple moving average of $35.74 and a 200-day simple moving average of $36.72. PPL Corporation has a 1 year low of $33.17 and a 1 year 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 for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities research analysts predict that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s dividend payout ratio (DPR) is 67.46%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PPL. BTIG Research reissued a “buy” rating on shares of PPL in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays raised their price target on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Bank of America lowered their price target on PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Jefferies Financial Group decreased their target price on shares of PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.