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
Corporate docs
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
News
Credit Suisse Maintains Outperform on PPL, Lowers Price Target to $29
16 Jun 22
RBC Capital Maintains Outperform on PPL, Lowers Price Target to $30
16 Jun 22
PPL: Dividend Insights
15 Jun 22
Morgan Stanley Maintains Equal-Weight on PPL, Lowers Price Target to $30
10 Jun 22
What 5 Analyst Ratings Have To Say About PPL
7 Jun 22
Press releases
PPL management outlines financial targets and vision for new PPL: a premier U.S. regulated utility
9 Jun 22
Moody's upgrades PPL credit rating following company's strategic repositioning and acquisition of The Narragansett Electric Company
7 Jun 22
PPL joins EPRI Climate READi initiative to address power system resilience and adaptation
1 Jun 22
PPL Corporation to Host Virtual Investor Day on June 9
25 May 22
PPL Corporation completes acquisition of Rhode Island's primary electric and natural gas utility
25 May 22
Analyst ratings and price targets
Current price
Average target
$30.75
Low target
$29.00
High target
$34.00
Credit Suisse
Maintains
$29.00
RBC Capital
Maintains
$30.00
Morgan Stanley
Maintains
$30.00
Wells Fargo
Maintains
$34.00
Calendar
5 May 22
2 Jul 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
65.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 795 |
Opened positions | 81 |
Closed positions | 115 |
Increased positions | 272 |
Reduced positions | 315 |
13F shares | Current |
---|---|
Total value | 13.79B |
Total shares | 485.19M |
Total puts | 2.65M |
Total calls | 3.48M |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 87.79M | $2.51B |
BLK Blackrock | 57.12M | $1.63B |
STT State Street | 42.76M | $1.23B |
Hotchkis & Wiley Capital Management | 21.31M | $608.69M |
FMR | 17.41M | $497.1M |
Geode Capital Management | 15.45M | $441.81M |
IVZ Invesco | 12.88M | $367.97M |
BK Bank Of New York Mellon | 9.53M | $272.14M |
BEN Franklin Resources | 8.72M | $248.95M |
LGEN Legal & General | 7.97M | $227.72M |
Financial report summary
?Competition
EbixRisks
- 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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
ACE, adequacy, awaiting, bilateral, CAA, comparison, CPP, Examiner, FIP, grow, hardware, HSR, III, inflationary, Joint, Joseph, MDPU, merged, Neighbor, option, organized, repeal, RIDPU, scrutiny, SJC, spring, stipulation, Superior, Ukraine, withdrawn
Removed:
abating, acceptance, accessible, accommodate, account, adjusting, advisory, affirming, annum, answer, arose, ATM, award, bankruptcy, bear, broad, canceled, ceased, ceasing, Certificate, certification, challenged, Chapter, citizen, classification, Club, communicate, compensatory, confirmation, consideration, Convenience, cooling, covered, CPCN, declined, declining, defendant, denial, deploy, derecognized, developing, discretionary, disputed, disrupted, DNO, dredge, DRIP, eliminating, establishment, expiring, explicit, feasible, fill, firm, furnishing, GBP, GILTI, immaterial, imminent, improve, inclusion, indefinite, indefinitely, intake, intangible, intent, intervening, inventory, IV, Jefferson, legislative, likelihood, long, Necessity, negligence, ordering, outbreak, outlook, pervasive, petition, Phase, posed, prolonged, prompted, proposal, protracted, prudent, purported, RCRA, reading, real, realization, reassessed, recognition, reevaluated, referred, refrain, regular, rehearing, reinvested, reinvestment, reject, rejected, rejection, relation, remanding, remarketed, remeasured, repaid, requiring, reserve, reserved, resolving, Resource, reversal, reversing, robust, selling, shareholder, Sierra, slowdown, smaller, sponsor, spot, suit, taxable, taxing, temporary, tort, translation, travel, uncertainty, undistributed, unfavorable, unpredictable, warranty, withdraw, world, written
Financial reports
Current reports
8-K
Regulation FD Disclosure
26 May 22
8-K
Entry into a Material Definitive Agreement
25 May 22
8-K
Other Events
23 May 22
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
PPL Corporation Reports First-Quarter 2022 Earnings
5 May 22
8-K
Regulation FD Disclosure
11 Apr 22
8-K
Regulation FD Disclosure
4 Apr 22
8-K
Regulation FD Disclosure
29 Mar 22
8-K
Regulation FD Disclosure
3 Mar 22
8-K
Regulation FD Disclosure
25 Feb 22
Registration and prospectus
S-3ASR
Automatic shelf registration
19 Feb 21
S-3ASR
Automatic shelf registration
19 Feb 21
POSASR
Automatic shelf registration (post-effective amendment)
17 Feb 21
424B2
Prospectus for primary offering
2 Apr 20
FWP
Free writing prospectus
1 Apr 20
424B5
Prospectus supplement for primary offering
1 Apr 20
FWP
Free writing prospectus
16 Nov 18
FWP
Free writing prospectus
16 Nov 18
424B3
Prospectus supplement
16 Nov 18
424B2
Prospectus for primary offering
9 May 18
Proxies
PX14A6G
Letter to shareholders
10 May 22
DEFA14A
Additional proxy soliciting materials
6 Apr 22
PX14A6G
Letter to shareholders
22 Apr 21
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
2 Apr 19
DEF 14A
Definitive proxy
2 Apr 19
Other
UPLOAD
Letter from SEC
17 Apr 18
CORRESP
Correspondence with SEC
15 Apr 18
UPLOAD
Letter from SEC
2 Apr 18
UPLOAD
Letter from SEC
4 Oct 15
CORRESP
Correspondence with SEC
20 Sep 15
UPLOAD
Letter from SEC
10 Sep 15
NO ACT
No action letter
10 Mar 15
UPLOAD
Letter from SEC
19 May 13
CORRESP
Correspondence with SEC
8 May 13
UPLOAD
Letter from SEC
29 Apr 13
Ownership
11-K
Annual report of employee stock purchases
10 Jun 22
4
PPL / Stephanie R Raymond ownership change
9 Jun 22
4
PPL / David J Bonenberger ownership change
26 May 22
4
PPL / Marlene C Beers ownership change
26 May 22
3
PPL / David J Bonenberger ownership change
25 May 22
4
PPL / Tadd J Henninger ownership change
25 May 22
4
PPL / LIMA ARMANDO ZAGALO DE ownership change
4 Apr 22
4
PPL / PHOEBE A WOOD ownership change
4 Apr 22
4
PPL / Keith H Williamson ownership change
4 Apr 22
4
PPL / Althann Natica von ownership change
4 Apr 22
Patents
Utility
Systems and methods for relay logic for alarming and tripping for energized downed conductors
2 Nov 20
A method of determining a fault and whether to activate an alarm includes detecting a first high impendence fault (HIF) at a first detection circuit having a first phase and triggering a variable pickup timer.
Utility
Systems and methods for script implemented logic for trigger for converting electromechanical relay outputs into fault indication for automatic restoration application
7 Sep 20
A system for automatic power outage restoration includes a conversion module, the conversion module receiving relay package input from an electro-mechanical relay package and executing code to convert the relay package input to readable output transmitted to an automatic outage restoration system.
Transcripts
Reddit threads
Dividend Investing Journey- see OP comment f/details
29 Jun 22
229 S&P500 companies ($21.6t in market cap, 61.8%) report earnings in the next ~30 days
25 Jun 22
If Starting a new dividends portfolio what 5 stocks or etfs would you start with ?
22 Jun 22
FIVE STOCKS YOU LIKE
20 Jun 22
Daily Discussion Thread - June 17th, 2022
17 Jun 22
Daily Discussion Thread - June 16th, 2022
16 Jun 22
Daily Discussion Thread - June 15th, 2022
15 Jun 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
what stocks would be a safe bet during a recession?
13 Jun 22
Anyone have any good Canadian dividend stocks I could look into?
10 Jun 22