Elevation Point Wealth Partners LLC Purchases New Holdings in PPL Corporation $PPL

Elevation Point Wealth Partners LLC acquired a new position in shares of PPL Corporation (NYSE:PPL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,413 shares of the utilities provider’s stock, valued at approximately $564,000.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PPL shares. Bank of America dropped their target price on PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Barclays boosted their price objective on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. BMO Capital Markets cut their target price 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. Finally, Evercore set a $42.00 price target on shares of PPL in a report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.33.

PPL Stock Up 1.9%

PPL stock opened at $35.04 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10. The company has a fifty day simple moving average of $35.81 and a 200 day simple moving average of $36.75. The firm has a market cap of $26.37 billion, a PE ratio of 20.73, a PEG ratio of 2.35 and a beta of 0.57.

PPL (NYSE:PPL) last posted 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). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Announces Dividend

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 given a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. PPL’s dividend payout ratio is presently 67.46%.

Insiders Place Their Bets

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

PPL Company 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.