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PPL (PPL)

PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, provides electricity delivery services to about 1.4 million customers in Pennsylvania.

Company profile

Ticker
PPL
Exchange
Website
CEO
Vincent Sorgi
Employees
Location
Fiscal year end
Industry (SIC)
Former names
PP&L RESOURCES INC
SEC CIK
Subsidiaries
CEP Commerce, LLC • CEP Lending, Inc. • CEP Reserves, Inc. • Kentucky Utilities Company • LG&E and KU Capital LLC • LG&E and KU Energy LLC • Louisville Gas and Electric Company • PPL Capital Funding, Inc. • PPL Distributed Energy • PPL Electric Utilities Corporation ...
IRS number
232758192

PPL stock data

Calendar

5 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 22 Stephanie R Raymond Common Stock Sell Dispose S No Yes 30.45 3,374 102.74K 23,182
8 Jun 22 Stephanie R Raymond Common Stock Option exercise Acquire M No Yes 25.22 3,374 85.09K 26,556
8 Jun 22 Stephanie R Raymond Employee Stock Options Common Stock Option exercise Dispose M No Yes 25.22 3,374 85.09K 0
25 May 22 Marlene C Beers Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 852 25.51K 852
25 May 22 David J Bonenberger Performance Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 2,823 84.52K 2,823
25 May 22 David J Bonenberger Performance Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 2,823 84.52K 2,823
25 May 22 David J Bonenberger Performance Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 5,645 169.01K 5,645
25 May 22 David J Bonenberger Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 2,822 84.49K 2,822
25 May 22 Tadd J Henninger Stock Unit (SIP) Common Stock Grant Acquire A No No 29.94 1,364 40.84K 1,364
65.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 795 829 -4.1%
Opened positions 81 141 -42.6%
Closed positions 115 91 +26.4%
Increased positions 272 243 +11.9%
Reduced positions 315 305 +3.3%
13F shares Current Prev Q Change
Total value 13.79B 14.49B -4.9%
Total shares 485.19M 481.72M +0.7%
Total puts 2.65M 2.49M +6.7%
Total calls 3.48M 4.26M -18.3%
Total put/call ratio 0.8 0.6 +30.6%
Largest owners Shares Value Change
Vanguard 87.79M $2.51B -1.1%
BLK Blackrock 57.12M $1.63B -11.5%
STT State Street 42.76M $1.23B +4.8%
Hotchkis & Wiley Capital Management 21.31M $608.69M -3.8%
FMR 17.41M $497.1M -31.1%
Geode Capital Management 15.45M $441.81M +10.0%
IVZ Invesco 12.88M $367.97M +6.4%
BK Bank Of New York Mellon 9.53M $272.14M -5.4%
BEN Franklin Resources 8.72M $248.95M -26.6%
LGEN Legal & General 7.97M $227.72M -2.8%
Largest transactions Shares Bought/sold Change
FMR 17.41M -7.86M -31.1%
BLK Blackrock 57.12M -7.44M -11.5%
Zimmer Partners 6.79M +6.79M NEW
Mitsubishi UFJ Trust & Banking 6.7M +6.2M +1256.0%
BEN Franklin Resources 8.72M -3.17M -26.6%
Adage Capital Partners GP, L.L.C. 3.08M +3.08M NEW
Point72 Asset Management 2.73M +2.73M NEW
Norges Bank 0 -2.27M EXIT
MCQEF Macquarie 4.35M +2.23M +105.6%
STT State Street 42.76M +1.97M +4.8%

Financial report summary

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Competition
Ebix
Risks
  • PPL is a holding company and its cash flows and ability to meet its obligations with respect to indebtedness and under guarantees, and its ability to pay dividends, largely depends on the financial performance of its respective subsidiaries and, as a result, is effectively subordinated to all existing and future liabilities of those subsidiaries.
  • Our profitability is highly dependent on our ability to recover the costs of providing energy and utility services to our customers and earn an adequate return on our capital investments. Regulators may not approve the rates we request and existing rates may be challenged.
  • We are or may be subject to costs of remediation of environmental contamination at facilities owned or operated by our former subsidiaries.
  • We are subject to financial, operational, regulatory and other risks related to requirements, developments and uncertainties in environmental regulation, including those affecting coal-fired generation facilities.
  • We are subject to operational, regulatory and other risks regarding natural gas supply infrastructure.
  • We face competition for transmission projects, which could adversely affect our rate base growth.
  • We could be subject to higher costs and/or penalties related to Pennsylvania Conservation and Energy Efficiency Programs.
  • We are subject to risks associated with federal and state tax laws and regulations.
  • Increases in electricity prices and/or a weak economy, can lead to changes in legislative and regulatory policy, including the promotion of energy efficiency, conservation and distributed generation or self-generation, which may adversely impact our business.
  • We could be negatively affected by rising interest rates, downgrades to our credit ratings, adverse credit market conditions or other negative developments in our ability to access capital markets.
  • A downgrade in our credit ratings could negatively affect our ability to access capital and increase the cost of maintaining our credit facilities and any new debt.
  • Our operating revenues could fluctuate on a seasonal basis, especially as a result of extreme weather conditions, including conditions caused or exacerbated by climate change.
  • We cannot predict the outcome of legal proceedings or investigations related to our businesses in which we are periodically involved. An unfavorable outcome or determination in any of these matters could have a material adverse effect on our financial condition, results of operations or cash flows.
  • Significant increases in our operation and maintenance expenses, including health care and pension costs, could adversely affect our future earnings and liquidity.
  • We may incur liabilities in connection with divestitures.
  • Our facilities may not operate as planned, which may increase our expenses and decrease our revenues and have an adverse effect on our financial performance.
  • We are required to obtain, and to comply with, government permits and approvals.
  • War, other armed conflicts or terrorist attacks could have a material adverse effect on our business.
  • We are subject to counterparty performance, credit or other risk in the provision of goods or services to us, which could adversely affect our ability to operate our facilities or conduct business activities.
  • We are subject to the risk that our workforce and its knowledge base may become depleted in coming years.
Management Discussion
  • This "Item 2. Combined Management's Discussion and Analysis of Financial Condition and Results of Operations" is separately filed by PPL, PPL Electric, LG&E and KU. Information contained herein relating to any individual Registrant is filed by such Registrant solely on its own behalf, and no Registrant makes any representation as to information relating to any other Registrant. The specific Registrant to which disclosures are applicable is identified in parenthetical headings in italics above the applicable disclosure or within the applicable disclosure for each Registrant's related activities and disclosures. Within combined disclosures, amounts are disclosed for individual Registrants when significant.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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