Two Sigma Securities LLC Takes $5.23 Million Position in PPL Corporation $PPL

Two Sigma Securities LLC acquired a new position in shares of PPL Corporation (NYSE:PPL) in the 2nd quarter, Holdings Channel reports. The fund acquired 143,788 shares of the utilities provider’s stock, valued at approximately $5,227,000. PPL makes up 0.5% of Two Sigma Securities LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds have also modified their holdings of PPL. Allied Private Wealth LLC acquired a new stake in PPL in the 2nd quarter valued at approximately $42,000. Covestor Ltd boosted its position in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 870 shares during the last quarter. Root Financial Partners LLC boosted its position in PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 1,087 shares during the last quarter. Rossby Financial LCC grew its stake in shares of PPL by 70.0% during the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of PPL during the 4th quarter worth approximately $119,000. 76.99% of the stock is currently owned by institutional investors.

PPL Stock Performance

NYSE PPL opened at $34.20 on Monday. PPL Corporation has a 12 month low of $33.17 and a 12 month high of $40.10. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average of $35.74 and a 200-day moving average of $36.73. The company has a market cap of $25.74 billion, a PE ratio of 20.24, a PEG ratio of 2.34 and a beta of 0.57.

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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. PPL’s quarterly revenue was up 4.2% on a year-over-year basis. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities research analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Dividend Announcement

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 given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th. PPL’s dividend payout ratio (DPR) is 67.46%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Bank of America cut their price objective on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Morgan Stanley lowered their price target on shares of PPL from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. BTIG Research reissued a “buy” rating on shares of PPL in a research report on Thursday, June 4th. Weiss Ratings cut shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Activity

In related news, 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 value of $772,645.44. Following the completion of the sale, the chief financial officer directly owned 561,482 shares in the company, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total value of $929,530.35. Following the transaction, the director owned 222,897 shares of the company’s stock, valued at $5,583,569.85. The trade was a 14.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by insiders.

PPL 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.