Greenland Capital Management LP Purchases New Holdings in PPL Corporation $PPL

Greenland Capital Management LP purchased a new stake in PPL Corporation (NYSE:PPL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 281,789 shares of the utilities provider’s stock, valued at approximately $10,243,000. PPL makes up about 1.3% of Greenland Capital Management LP’s portfolio, making the stock its 13th largest position.

A number of other hedge funds also recently modified their holdings of PPL. Korea Investment CORP acquired a new stake in shares of PPL during the 2nd quarter worth approximately $27,134,000. Deutsche Bank AG raised its stake in shares of PPL by 23.7% in the second quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after purchasing an additional 393,748 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of PPL in the second quarter valued at $12,397,000. Kayne Anderson Capital Advisors LP bought a new position in PPL in the second quarter worth $10,098,000. Finally, Commerce Bank bought a new position in PPL in the second quarter worth $9,727,000. Institutional investors own 76.99% of the company’s stock.

PPL Stock Down 2.2%

Shares of NYSE:PPL opened at $34.42 on Friday. The company’s fifty day moving average is $35.83 and its 200-day moving average is $36.75. 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 company has a market capitalization of $25.90 billion, a PE ratio of 20.37, a P/E/G ratio of 2.35 and a beta of 0.57.

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

PPL Announces Dividend

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

Analysts Set New Price Targets

PPL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Bank of America reduced their price objective on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, July 20th. BMO Capital Markets decreased their target price on shares of PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Finally, Evercore set a $42.00 target price on shares of PPL in a research note on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, PPL presently has an average rating of “Moderate Buy” and a consensus price target of $41.33.

Insider Buying and Selling

In related news, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This represents a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristen Robinson sold 37,107 shares of the stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

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.