PPL PPL Corp.

PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution. The Kentucky Regulated segment comprises of LKE's regulated electricity generation, transmission, and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company; as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company. The Pennsylvania Regulated segment consists of regulated electricity transmission and distribution operations of PPL Electric Utilities Corporation. The company was founded in 1994 and is headquartered in Allentown, PA.

Company profile

Ticker

PPL

Exchange

NYSE

Website

www.pplweb.com

CEO

William Harold Spence

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Utilities > Electric Utilities

Industry (SEC)

Electric Services

Edison International • Southern California Edison • Tennessee Valley Authority • NextEra Energy • Pseg Power • NRG Energy • FirstEnergy • DTE Energy • Vistra Energy • Pinnacle West Capital ...

Former names

PP&L Resources Inc

SEC CIK

0000922224

Corporate docs

Articles of Incorporation & Bylaws

IRS number

232758192

PPL stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart PPL financial data

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	1.8B	2.08B	1.94B	1.87B
Net income	441M	466M	415M	445M
Diluted EPS	0.6	0.64	0.57	0.62
Net profit margin	24.46%	22.41%	21.40%	23.77%
Operating income	640M	781M	657M	686M
Net change in cash	-112M	-103M	-221M	-10M
Cash on hand	406M	518M	621M	842M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	7.79B	7.45B	7.52B	7.67B
Net income	1.83B	1.13B	1.9B	680M
Diluted EPS	2.58	1.64	2.79	1.01
Net profit margin	23.47%	15.15%	25.30%	8.87%
Operating income	2.85B	2.9B	2.94B	2.83B
Net change in cash	136M	144M	-495M	-563M
Cash on hand	621M	485M	341M	836M

Financial data from PPL earnings reports

Institutional ownership Q4 2019

PPL institutional ownership history Ownership history

71.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	824	778	+5.9%
Opened positions	113	68	+66.2%
Closed positions	67	64	+4.7%
Increased positions	301	318	-5.3%
Reduced positions	289	274	+5.5%

13F shares	Current	Prev Q	Change
Total value	19.06B	16.07B	+18.6%
Total shares	519.36M	509.77M	+1.9%
Total puts	2.04M	1.64M	+24.2%
Total calls	4.28M	4.42M	-3.3%
Total put/call ratio	0.5	0.4	+28.4%

Largest owners	Shares	Value	Change
Vanguard	62.2M	$2.23B	+1.1%
BLK BlackRock	58.24M	$2.09B	-1.9%
STT State Street	40.35M	$1.46B	+5.9%
IVZ Invesco	27.13M	$973.38M	-2.6%
BK Bank Of New York Mellon	23.34M	$837.56M	+32.8%
FMR	23.23M	$833.66M	-19.3%
Caisse De Depot Et Placement Du Quebec	16.58M	$595.03M	+3.5%
Hotchkis & Wiley Capital Management	14.9M	$534.79M	+6.5%
FHI Federated Hermes	12.39M	$444.66M	-3.2%
Geode Capital Management	12.24M	$439.73M	+3.6%

Largest transactions	Shares	Bought/sold	Change
BK Bank Of New York Mellon	23.34M	+5.77M	+32.8%
FMR	23.23M	-5.56M	-19.3%
Zimmer Partners	0	-4.22M	EXIT
Citadel Advisors	4.04M	+3.42M	+558.1%
Nuveen Asset Management	5.26M	+3.28M	+165.4%
GS The Goldman Sachs Group, Inc.	7.55M	-2.8M	-27.1%
Wellington Management	2.71M	+2.59M	+2071.2%
Point72 Asset Management	2.57M	+2.5M	+3562.8%
STT State Street	40.35M	+2.25M	+5.9%
DB Deutsche Bank	3.9M	+1.93M	+98.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Ebix

Management Discussion

The "Statement of Income Analysis" discussion below describes significant changes in principal line items on PPL's Statements of Income, comparing 2019 with 2018. The "Segment Earnings" and "Adjusted Gross Margins" discussions for PPL provide a review of results by reportable segment. These discussions include non-GAAP financial measures, including "Earnings from Ongoing Operations" and "Adjusted Gross Margins," and provide explanations of the non-GAAP financial measures and a reconciliation of those measures to the most comparable GAAP measure. The "2020 Outlook" discussion identifies key factors expected to impact 2020 earnings.
Tables analyzing changes in amounts between periods within "Statement of Income Analysis," "Segment Earnings" and "Adjusted Gross Margins" are presented on a constant GBP to U.S. dollar exchange rate basis, where applicable, in order to isolate the impact of the change in the exchange rate on the item being explained. Results computed on a constant GBP to U.S. dollar exchange rate basis are calculated by translating current year results at the prior year weighted-average GBP to U.S. dollar exchange rate.
A "Statement of Income Analysis" is presented separately for PPL Electric, LKE, LG&E and KU. The "Statement of Income Analysis" discussion below describes significant changes in principal line items on the Statements of Income, comparing 2019 with 2018. The results of operations section for PPL Electric, LKE, LG&E and KU is presented in a reduced disclosure format in accordance with General Instructions (I)(2)(a) of Form 10-K.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-K 2019 FY