PPL (PPL) Stock News

PPL Corporation announced an agreement to sell its subsidiary, PPL Safari Holdings LLC, to Aspen Power Partners LLC, pending U.S. Department of Justice review. This strategic sale aligns with PPL's focus on core regulated utility operations and advancing clean energy, particularly in Kentucky. The transaction is expected to finalize in Q4 2022 and is not deemed material to PPL's financial standing.

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PPL Corporation (NYSE: PPL) has declared a quarterly dividend of $0.2250 per share, set to be payable on October 3, 2022. Shareholders on record as of September 9, 2022 will receive this dividend. PPL serves over 3.5 million customers across the U.S., focusing on reliable electricity and natural gas services. The company is committed to enhancing energy sustainability through the development of smarter and more resilient power grids. For more details, visit www.pplweb.com.

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PPL Corporation (NYSE: PPL) reported second-quarter 2022 earnings of $119 million, or $0.16 per share, marking a significant increase from $19 million, or $0.03 per share, in Q2 2021. Ongoing earnings per share rose to $0.30 from $0.19 year-over-year. The company reaffirmed its 2022 ongoing earnings forecast of $1.30 to $1.45 per share. The acquisition of Rhode Island Energy completed on May 25, 2022, is projected to enhance earnings, with $27 billion in regulated investment opportunities through 2030, aiming for 6-8% annual earnings and dividend growth through 2025.

PPL Corporation (NYSE: PPL) will release its consolidated second-quarter 2022 earnings results on August 3, 2022. CEO Vincent Sorgi and the executive team will discuss these results in a conference call at 11 a.m. ET, which will be available via webcast. PPL serves over 3.5 million customers in the U.S., focusing on reliable electricity and natural gas services. The company is committed to building advanced power grids and sustainable energy solutions. A replay of the call will be accessible for 90 days after the event.

PPL Electric Utilities has received two Industry Excellence Awards from Southeastern Electric Exchange (S.E.E.) for its innovations in employee safety and supply chain management. The awards were announced at S.E.E.'s annual conference on June 29. PPL's safety initiatives have led to the development of a leadership training program and quarterly learning sessions that have proven to reduce incidents. Additionally, PPL’s supply chain innovation, taking over storage and delivery of steel structures, has decreased costs by 40% and improved reliability for customers.

PPL Corporation (NYSE:PPL) recently held a virtual Investor Day, showcasing its transformation into a premier U.S. regulated utility following the acquisition of Rhode Island Energy. The company plans to invest $27 billion through 2030 to enhance grid modernization and reliability. Projected earnings per share and dividend growth are expected at 6% to 8% annually, supporting a total return of 9% to 11%. The quarterly dividend increased to $0.225, payable on July 1, 2022. PPL's leadership emphasized its focus on innovation and sustainability in achieving net-zero carbon emissions by 2050.

Moody's Investors Service upgraded the credit ratings of PPL Corporation (NYSE: PPL) and PPL Capital Funding following PPL's acquisition of The Narragansett Electric Company. The upgrades reflect PPL's improved financial strength and risk profile after divesting its U.K. utility operations. PPL now boasts a strong balance sheet, supporting future growth without equity needs. The enhancement in Narragansett Electric's rating was attributed to better governance and reduced leverage. Moody's noted that PPL operates in credit-friendly regulatory environments, further solidifying its positive outlook.