PPL Corporation (PPL) To Go Ex-Dividend on September 10th

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Friday, August 21st. Shareholders of record on Thursday, September 10th will be given a dividend of 0.285 per share by the utilities provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, September 10th.

PPL has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. PPL has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PPL to earn $2.11 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 54.0%.

PPL Stock Down 0.1%

Shares of PPL stock opened at $35.09 on Tuesday. The company has a market cap of $26.41 billion, a P/E ratio of 20.76, a PEG ratio of 3.43 and a beta of 0.57. The firm has a fifty day moving average of $35.51 and a two-hundred day moving average of $36.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL has a one year low of $33.17 and a one year high of $40.10.

PPL (NYSE:PPL) last announced 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). PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the business earned $0.32 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, analysts forecast that PPL will post 1.94 earnings per share for the current year.

Insider Transactions at PPL

In other news, CFO Ashley F. Johnson sold 34,993 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the transaction, the chief financial officer directly owned 561,482 shares in the company, valued at $12,397,522.56. This represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares in the company, valued at $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PPL

A number of large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in PPL by 3,584.3% during the 2nd quarter. California State Teachers Retirement System now owns 31,773,717 shares of the utilities provider’s stock valued at $1,154,975,000 after purchasing an additional 30,911,313 shares during the period. Legal & General Group Plc acquired a new position in shares of PPL during the second quarter valued at $187,326,000. Cullen Capital Management LLC acquired a new position in PPL during the 2nd quarter valued at about $54,611,000. Hsbc Holdings PLC bought a new stake in PPL during the second quarter worth approximately $48,651,000. Finally, Man Group plc bought a new stake in shares of PPL in the 2nd quarter worth $36,935,000. Hedge funds and other institutional investors own 76.99% 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.