PPL Corporation (NYSE:PPL) Holdings Decreased by Jennison Associates LLC

18 Jul 2025, 10:54 by Scott Moore · The Cerbat Gem

Jennison Associates LLC lowered its stake in shares of PPL Corporation (NYSE:PPL – Free Report) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,124,758 shares of the utilities provider’s stock after selling 82,197 shares during the quarter. Jennison Associates LLC owned approximately 0.56% of PPL worth $148,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PPL. Norinchukin Bank The boosted its position in PPL by 1.1% during the 4th quarter. Norinchukin Bank The now owns 28,002 shares of the utilities provider’s stock worth $909,000 after acquiring an additional 299 shares during the period. Stock Yards Bank & Trust Co. raised its position in PPL by 5.0% during the first quarter. Stock Yards Bank & Trust Co. now owns 6,953 shares of the utilities provider’s stock valued at $251,000 after buying an additional 329 shares during the period. Signaturefd LLC grew its stake in PPL by 6.3% in the fourth quarter. Signaturefd LLC now owns 5,930 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 350 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in PPL by 1.2% in the first quarter. HBK Sorce Advisory LLC now owns 30,367 shares of the utilities provider’s stock valued at $1,097,000 after purchasing an additional 372 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of PPL by 94.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 397 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insider Buying and Selling at PPL

In other news, COO David J. Bonenberger sold 1,767 shares of PPL stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $34.98, for a total value of $61,809.66. Following the completion of the transaction, the chief operating officer directly owned 45,485 shares of the company’s stock, valued at approximately $1,591,065.30. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays upgraded PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 7th. UBS Group increased their target price on PPL from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Wall Street Zen raised PPL from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Guggenheim raised their price target on PPL from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Morgan Stanley reduced their price target on PPL from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, PPL currently has a consensus rating of “Buy” and an average price target of $36.70.

View Our Latest Stock Report on PPL

PPL Trading Up 2.1%

Shares of PPL stock opened at $35.90 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11. The stock has a market cap of $26.54 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.64. The stock has a 50 day simple moving average of $34.21 and a 200 day simple moving average of $34.30. PPL Corporation has a 1 year low of $28.49 and a 1 year high of $36.70.

PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. PPL had a return on equity of 9.14% and a net margin of 11.49%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the company earned $0.54 EPS. PPL’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, June 10th. PPL’s dividend payout ratio (DPR) is presently 80.74%.

PPL Profile

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