47,035 Shares in PPL Corporation $PPL Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of PPL Corporation (NYSE:PPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,035 shares of the utilities provider’s stock, valued at approximately $1,710,000.

Other hedge funds have also made changes to their positions in the company. Reaves W H & Co. Inc. increased its stake in PPL by 2.0% during the 4th quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after buying an additional 88,531 shares during the period. Deutsche Bank AG boosted its position in PPL by 23.7% in the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after buying an additional 393,748 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 buying an additional 157,005 shares during the period. Korea Investment CORP acquired a new position in shares of PPL in the second quarter worth $27,134,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of PPL by 2.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 355,841 shares of the utilities provider’s stock worth $12,935,000 after acquiring an additional 10,015 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Performance

Shares of PPL stock opened at $35.04 on Tuesday. The stock’s 50-day moving average is $35.81 and its two-hundred day moving average is $36.75. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.35 and a beta of 0.57. PPL Corporation has a 1 year low of $33.17 and a 1 year high of $40.10. 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 (NYSE:PPL) last posted 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 firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts predict that PPL Corporation will post 1.94 earnings per share for the current year.

PPL Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.3%. PPL’s payout ratio is 67.46%.

Wall Street Analysts Forecast Growth

PPL has been the topic of several analyst reports. Evercore set a $42.00 price objective on PPL in a research note on Monday, August 17th. Morgan Stanley lowered their target price on PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. BMO Capital Markets cut their price target on PPL from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, BTIG Research reiterated a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.33.

Insider Buying and Selling

In other PPL news, Director Kristen Robinson sold 37,107 shares of the business’s 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 completion of the sale, the director owned 222,897 shares in the company, valued at approximately $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $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.

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.