PPL Subsidiary President Sells Shares Worth $250,733

John Gregory Cornett, President of a subsidiary of PPL Corporation, sold 7,051 shares of the company on June 12, 2026. The shares were sold at an average price of $35.56, totaling approximately $250,733. This transaction was part of a planned sale.

Insider Buying and Selling at PPL Corporation

Cornett's recent sale wasn't the only insider activity at PPL Corporation. Earlier, on April 24, Lonnie Bellar, EVP of Engineering, Construction, and Generation, sold 82 shares, while David Bonenberger, EVP & COO of Utilities, sold 217 and 95 shares on the same day. These transactions were not part of planned sales.

Other Institutional Activity in PPL Corporation

Institutional investors have also been active in PPL. BlackRock, Inc. increased its holdings by 3,884 shares, ending with 63,224,715 shares worth about $2.42 billion. Franklin Resources Inc. added 1,498,063 shares to hold 43,836,112 shares valued at $1.67 billion. State Street Corp grew its position by 534,322 shares, totaling 39,415,824 shares valued at $1.52 billion. In contrast, Invesco Ltd. reduced its stake by 1,859,058 shares, leaving it with 28,920,155 shares worth approximately $1.10 billion.

PPL Corporation Stock Up 5.8%

Shares of NYSE:PPL traded near $35.85. PPL Corporation, a utility company, has a market cap of $26.97 billion and a P/E ratio of 22. The stock's 52-week range is between $33.17 and $40.11. Its 50-day moving average stands at $37.06, while the 200-day average is $36.59. PPL's current ratio is 1.003, with a quick ratio of 0.714 and a debt-to-equity ratio of 135.116.

Recent Earnings

PPL Corporation reported revenue of $9.31 billion with a growth rate of 10.8%. The company achieved a net margin of 13.1% and a return on equity of 8.3%. The next earnings release is scheduled for July 30, 2026.

Dividend

PPL Corporation pays an annual dividend of $1.14 per share, yielding 3.18%. The dividend payout ratio is 67.64%.

Analysts Set New Price Targets

On June 5, 2026, Mizuho maintained a hold rating with a $37.00 price target. BMO Capital reaffirmed its buy rating with a $39.00 target. JP Morgan, Barclays, and Morgan Stanley have also maintained buy ratings with targets ranging from $39.00 to $43.00. The consensus rating is a buy, with a mean target price of $41.20 based on 15 analyst opinions.

About PPL Corporation

PPL Corporation is a utility company headquartered in Allentown, Pennsylvania. It provides electricity and natural gas to about 3.6 million customers in the U.S. The company operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. PPL engages in electricity transmission and distribution in Pennsylvania and electricity generation and sale in Kentucky, Virginia, and Rhode Island. It also distributes natural gas in Kentucky and Rhode Island. PPL was founded in 1920 and is led by CEO Vincent Sorgi.

Bottom Line

This insider transaction by John Gregory Cornett is part of regular trading activities at PPL Corporation. Investors often track such moves for insights into company leadership's confidence. It's important to note that insider transactions are disclosed after they occur and might not reflect the current sentiment. PPL continues to be a significant player in the utilities sector, with a stable market presence and ongoing analyst interest.