Saudi Central Bank Purchases 25,347 Shares of PPL Corporation $PPL

Saudi Central Bank boosted its position in shares of PPL Corporation (NYSE:PPL) by 92.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,652 shares of the utilities provider’s stock after acquiring an additional 25,347 shares during the period. Saudi Central Bank’s holdings in PPL were worth $1,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of PPL during the second quarter worth $42,000. Covestor Ltd boosted its position in shares of PPL by 206.7% in the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 870 shares in the last quarter. Root Financial Partners LLC grew its stake in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock worth $99,000 after buying an additional 1,087 shares during the last quarter. Rossby Financial LCC grew its stake 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 buying an additional 1,240 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new position in PPL during the 2nd quarter valued at about $119,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Stock Down 0.1%

Shares of PPL stock opened at $35.09 on Tuesday. The stock’s 50-day simple moving average is $35.51 and its 200-day simple moving average is $36.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. The firm has a market capitalization of $26.41 billion, a PE ratio of 20.76, a P/E/G ratio of 3.43 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10.

PPL (NYSE:PPL) last released its earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts expect that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

The firm also recently disclosed 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 3.2%. The ex-dividend date is Thursday, September 10th. PPL’s payout ratio is presently 67.46%.

Insider Activity at PPL

In other 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 value of $929,530.35. Following the sale, the director directly owned 222,897 shares of the company’s stock, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashley Johnson sold 34,993 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the sale, the chief financial officer owned 561,482 shares in the company, valued at $12,397,522.56. The trade was a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

PPL has been the subject of several recent analyst reports. Barclays raised their price target on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. BTIG Research reaffirmed a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Morgan Stanley lowered their target price 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. Mizuho raised shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Finally, Bank of America cut their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.