PPL Corporation $PPL Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its stake in PPL Corporation (NYSE:PPL) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 307,236 shares of the utilities provider’s stock after acquiring an additional 43,216 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in PPL were worth $10,541,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Cidel Asset Management Inc. raised its stake in shares of PPL by 5.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 7,468 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 362 shares in the last quarter. Ethos Financial Group LLC grew its stake in PPL by 0.9% in the first quarter. Ethos Financial Group LLC now owns 49,157 shares of the utilities provider’s stock worth $1,723,000 after purchasing an additional 429 shares in the last quarter. Syon Capital LLC grew its stake in PPL by 5.3% in the second quarter. Syon Capital LLC now owns 8,823 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 448 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in PPL by 3.8% in the first quarter. Plimoth Trust Co. LLC now owns 12,240 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 450 shares in the last quarter. Finally, Sowell Financial Services LLC grew its stake in PPL by 4.1% in the third quarter. Sowell Financial Services LLC now owns 12,057 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Down 0.0%

PPL stock opened at $34.60 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. PPL Corporation has a 1-year low of $31.56 and a 1-year high of $40.10. The firm has a fifty day moving average price of $34.14 and a two-hundred day moving average price of $35.66. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.39 and a beta of 0.56.

PPL (NYSE:PPL) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Research analysts predict that PPL Corporation will post 1.94 EPS for the current year.

PPL Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.2850 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, September 10th. PPL’s dividend payout ratio is currently 67.46%.

Insiders Place Their Bets

In related news, EVP Wendy Stark sold 5,406 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $35.11, for a total transaction of $189,804.66. Following the sale, the executive vice president owned 99,220 shares in the company, valued at $3,483,614.20. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on PPL shares. Royal Bank Of Canada assumed coverage on PPL in a research note on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. BTIG Research reiterated a “buy” rating and issued a $41.00 target price on shares of PPL in a research report on Tuesday. Barclays decreased their target price on PPL from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Jefferies Financial Group lowered their price target on PPL from $48.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, PPL presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.86.

About PPL

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.