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

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Friday, August 21st. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.285 per share by the utilities provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th.

PPL has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. PPL has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of PPL opened at $34.42 on Friday. The firm has a fifty day moving average of $35.83 and a 200-day moving average of $36.75. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. 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 1 year low of $33.17 and a 1 year high of $40.10.

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

Insider Transactions at PPL

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

Institutional Investors Weigh In On PPL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPL. Legal & General Group Plc acquired a new stake in PPL in the second quarter worth approximately $187,326,000. Cullen Capital Management LLC acquired a new position in shares of PPL during the 2nd quarter valued at $54,611,000. Hsbc Holdings PLC acquired a new position in shares of PPL during the 2nd quarter valued at $48,651,000. Man Group plc acquired a new position in shares of PPL during the 2nd quarter valued at $36,935,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of PPL in the 2nd quarter worth $33,729,000. Institutional investors own 76.99% of the company’s stock.

About PPL

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.