Wealthfront Advisers LLC Sells 59,390 Shares of PPL Corporation $PPL

Wealthfront Advisers LLC trimmed its holdings in PPL Corporation (NYSE:PPL) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,332 shares of the utilities provider’s stock after selling 59,390 shares during the quarter. Wealthfront Advisers LLC’s holdings in PPL were worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of PPL by 23.7% during the 2nd 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. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in PPL by 9.3% in the second 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. Reaves W H & Co. Inc. boosted its holdings in shares of 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 in the last quarter. Captrust Financial Advisors grew its position in shares of PPL by 62.8% during the 4th quarter. Captrust Financial Advisors now owns 115,776 shares of the utilities provider’s stock worth $4,054,000 after buying an additional 44,657 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of PPL by 569.8% during the 2nd quarter. GSA Capital Partners LLP now owns 35,633 shares of the utilities provider’s stock worth $1,295,000 after buying an additional 30,313 shares during the period. 76.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PPL shares. BTIG Research reiterated a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Bank of America decreased their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on shares of PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. BMO Capital Markets cut their price objective 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. Finally, Weiss Ratings downgraded PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.42.

PPL Price Performance

Shares of PPL opened at $35.51 on Thursday. The business’s fifty day moving average is $35.87 and its 200 day moving average is $36.77. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market cap of $26.72 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.44 and a beta of 0.57.

PPL (NYSE:PPL) last announced its quarterly 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). PPL had a net margin of 13.47% and a return on equity of 9.33%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $0.32 EPS. The business’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. Sell-side analysts anticipate that PPL Corporation will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction dated 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 owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. The trade was a 5.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.34% of the company’s stock.

PPL Company 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.