Canada Pension Plan Investment Board Buys Shares of 927,895 PPL Corporation $PPL

Canada Pension Plan Investment Board purchased a new position in shares of PPL Corporation (NYSE:PPL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 927,895 shares of the utilities provider’s stock, valued at approximately $33,729,000. Canada Pension Plan Investment Board owned 0.12% of PPL as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PPL. EP Wealth Advisors LLC acquired a new stake in PPL in the second quarter worth about $1,893,000. Landscape Capital Management L.L.C. bought a new position in PPL in the 2nd quarter valued at about $5,111,000. GQG Partners LLC acquired a new position in PPL during the 2nd quarter valued at about $5,328,000. Korea Investment CORP acquired a new position in PPL during the 2nd quarter valued at about $27,134,000. Finally, GSA Capital Partners LLP raised 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 in the last quarter. Institutional investors own 76.99% of the company’s stock.

PPL Price Performance

Shares of PPL stock opened at $34.45 on Friday. 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 company’s 50-day moving average price is $35.76 and its two-hundred day moving average price is $36.74. PPL Corporation has a 52 week low of $33.17 and a 52 week high of $40.10. The stock has a market cap of $25.93 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.57.

PPL (NYSE:PPL) last issued its quarterly 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). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. PPL’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, sell-side analysts anticipate that PPL Corporation will post 1.94 EPS for the current fiscal year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid 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 dividend payout ratio is currently 67.46%.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Morgan Stanley lowered their price objective 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. Mizuho raised PPL to a “hold” rating in a report on Friday, July 3rd. Bank of America cut their target price on PPL from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, BTIG Research reaffirmed 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 given a Hold rating to the stock. According to MarketBeat.com, PPL currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Buying and Selling

In other PPL news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction 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 transaction, the director owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction 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 sale, the chief financial officer owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This trade represents a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.