SG Americas Securities LLC Trims Stock Holdings in PPL Corporation $PPL

SG Americas Securities LLC lessened its stake in shares of PPL Corporation (NYSE:PPL) by 78.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,077 shares of the utilities provider’s stock after selling 190,774 shares during the quarter. SG Americas Securities LLC’s holdings in PPL were worth $1,935,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PPL. Empowered Funds LLC boosted its position in shares of PPL by 39.5% during the 1st quarter. Empowered Funds LLC now owns 19,166 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 5,428 shares during the period. Woodline Partners LP lifted its stake in PPL by 40.7% during the first quarter. Woodline Partners LP now owns 62,375 shares of the utilities provider’s stock worth $2,252,000 after purchasing an additional 18,057 shares in the last quarter. Focus Partners Wealth boosted its position in shares of PPL by 13.0% during the first quarter. Focus Partners Wealth now owns 26,861 shares of the utilities provider’s stock worth $971,000 after buying an additional 3,084 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of PPL by 46.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,088 shares of the utilities provider’s stock valued at $206,000 after buying an additional 1,943 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of PPL by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 8,984 shares of the utilities provider’s stock valued at $304,000 after buying an additional 311 shares during the period. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Stock Performance

Shares of PPL opened at $35.52 on Thursday. PPL Corporation has a 1 year low of $31.99 and a 1 year high of $38.26. The stock has a market capitalization of $26.28 billion, a PE ratio of 24.00, a PEG ratio of 2.44 and a beta of 0.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.66 and a current ratio of 0.77. The stock has a 50-day simple moving average of $35.27 and a 200-day simple moving average of $35.89.

PPL (NYSE:PPL) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. PPL had a net margin of 12.16% and a return on equity of 9.08%. During the same period in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. On average, analysts predict that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, December 10th. PPL’s payout ratio is 73.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on PPL from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Bank of America increased their price target on shares of PPL from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Morgan Stanley restated an “overweight” rating and issued a $40.00 price objective on shares of PPL in a report on Thursday, November 20th. BTIG Research raised shares of PPL to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI began coverage on shares of PPL in a report on Monday, October 6th. They set an “outperform” rating and a $43.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, PPL has a consensus rating of “Buy” and a consensus target price of $41.20.

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.