Mitsubishi UFJ Asset Management Co. Ltd. Has $66.79 Million Holdings in PPL Corporation $PPL

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of PPL Corporation (NYSE:PPL) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,837,296 shares of the utilities provider’s stock after purchasing an additional 157,005 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of PPL worth $66,786,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PPL. Empowered Funds LLC grew its position in PPL by 39.5% during the first quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider’s stock worth $692,000 after buying an additional 5,428 shares in the last quarter. Woodline Partners LP raised its holdings in PPL by 40.7% in the 1st quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider’s stock valued at $2,252,000 after acquiring an additional 18,057 shares in the last quarter. Focus Partners Wealth raised its holdings in PPL by 13.0% in the 1st quarter. Focus Partners Wealth now owns 26,861 shares of the utilities provider’s stock valued at $971,000 after acquiring an additional 3,084 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PPL by 64.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,695 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 1,848 shares during the period. Finally, Cary Street Partners Financial LLC lifted its position in shares of PPL by 6.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 343 shares during the period. 76.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

PPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Bank of America cut their price objective on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Evercore set a $42.00 price objective on shares of PPL in a research note on Monday. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, BTIG Research reissued a “buy” rating on shares of PPL in a report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.42.

PPL Trading Down 0.3%

Shares of PPL opened at $35.51 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL Corporation has a 52-week low of $33.17 and a 52-week high of $40.10. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.44 and a beta of 0.57. The business’s fifty day moving average is $35.87 and its 200-day moving average is $36.77.

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

Insider Activity

In other news, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm’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 transaction of $772,645.44. Following the completion of the sale, the chief financial officer owned 561,482 shares in the company, valued at approximately $12,397,522.56. The trade was a 5.87% 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 currently owned by insiders.

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.