PPL Corporation $PPL Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in PPL Corporation (NYSE:PPL) by 151.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,538 shares of the utilities provider’s stock after acquiring an additional 15,992 shares during the period. Parallel Advisors LLC’s holdings in PPL were worth $873,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PPL. Alps Advisors Inc. raised its position in shares of PPL by 4.4% during the third quarter. Alps Advisors Inc. now owns 88,172 shares of the utilities provider’s stock worth $2,900,000 after acquiring an additional 3,721 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of PPL during the third quarter valued at $279,000. CenterBook Partners LP lifted its stake in shares of PPL by 110.4% during the third quarter. CenterBook Partners LP now owns 21,461 shares of the utilities provider’s stock valued at $706,000 after acquiring an additional 11,263 shares during the period. Asset One Wealth Management LLC bought a new position in PPL in the third quarter valued at about $236,000. Finally, International Assets Investment Management LLC boosted its holdings in PPL by 143.1% in the third quarter. International Assets Investment Management LLC now owns 9,451 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 5,563 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PPL shares. Royal Bank Of Canada initiated coverage on PPL in a report on Tuesday, September 15th. They set a “sector perform” rating and a $35.00 price objective for the company. Morgan Stanley raised their target price on shares of PPL from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. HSBC began coverage on shares of PPL in a research report on Thursday, October 22nd. They set a “buy” rating and a $42.00 price target for the company. Truist Financial started coverage on shares of PPL in a research note on Tuesday, October 27th. They set a “buy” rating and a $41.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of PPL in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.12.

PPL Price Performance

PPL stock opened at $35.72 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.31. PPL Corporation has a 12 month low of $31.56 and a 12 month high of $40.10. The firm has a market cap of $26.88 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.49 and a beta of 0.55. The company’s 50-day moving average price is $34.27 and its two-hundred day moving average price is $36.05.

PPL (NYSE:PPL) last issued its earnings results on Friday, November 6th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. PPL had a net margin of 13.62% and a return on equity of 9.58%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $0.48 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.920-1.960 EPS. On average, analysts anticipate 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 was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.2850 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 10th. PPL’s dividend payout ratio (DPR) is 65.14%.

Insider Buying and Selling

In other news, EVP Wendy Stark sold 5,406 shares of PPL stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $35.11, for a total value of $189,804.66. Following the transaction, the executive vice president owned 99,220 shares in the company, valued at approximately $3,483,614.20. This trade represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

PPL Profile

PPL Corporation is an energy company that owns regulated electric and natural gas utilities. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. PPL serves customers in Pennsylvania, Kentucky and Rhode Island through subsidiaries including PPL Electric Utilities, Louisville Gas and Electric Company, Kentucky Utilities and Rhode Island Energy. Its utility operations maintain the infrastructure used to provide energy and support related customer services.