PPL Corporation $PPL Shares Bought by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC raised its holdings in shares of PPL Corporation (NYSE:PPL) by 306.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 403,390 shares of the utilities provider’s stock after purchasing an additional 304,062 shares during the period. PPL accounts for approximately 0.9% of BTG Pactual Asset Management US LLC’s investment portfolio, making the stock its 16th biggest holding. BTG Pactual Asset Management US LLC owned about 0.05% of PPL worth $14,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in PPL during the 2nd quarter valued at about $187,326,000. Reaves W H & Co. Inc. grew its stake in shares of PPL by 2.0% during the fourth quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after acquiring an additional 88,531 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PPL by 7.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,157,814 shares of the utilities provider’s stock valued at $114,787,000 after acquiring an additional 208,820 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of PPL by 23.7% during the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after acquiring an additional 393,748 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of PPL by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock valued at $66,786,000 after purchasing an additional 157,005 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Insider Buying and Selling at PPL

In other PPL 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 directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director directly owned 222,897 shares in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings cut shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Barclays raised their price target on shares of PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley lowered their price objective on shares of PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Jefferies Financial Group dropped their price objective on shares of PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, August 25th. Finally, Evercore set a $42.00 target price on PPL in a research report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

PPL Price Performance

Shares of NYSE:PPL opened at $34.20 on Monday. PPL Corporation has a twelve month low of $33.17 and a twelve month high of $40.10. The company’s 50 day moving average is $35.74 and its 200 day moving average is $36.73. 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 market cap of $25.74 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.57.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts forecast that PPL Corporation will post 1.94 EPS for the current year.

PPL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. PPL’s payout ratio is currently 67.46%.

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.