PPL Corporation (NYSE:PPL) Announces Quarterly Dividend of $0.27

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Friday, November 21st. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.2725 per share by the utilities provider on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, December 10th.

PPL has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. PPL has a payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect PPL to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.09 annual dividend with an expected future payout ratio of 55.3%.

PPL Stock Performance

Shares of PPL traded up $0.59 during mid-day trading on Friday, reaching $36.13. The company had a trading volume of 8,228,026 shares, compared to its average volume of 5,567,295. The stock has a market capitalization of $26.73 billion, a P/E ratio of 26.96, a PEG ratio of 2.74 and a beta of 0.66. PPL has a 52-week low of $31.22 and a 52-week high of $38.26. The stock has a 50 day moving average of $36.72 and a two-hundred day moving average of $35.73. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 1.07.

PPL (NYSE:PPL) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. PPL had a return on equity of 8.81% and a net margin of 11.22%.During the same period in the prior year, the firm earned $0.42 earnings per share. PPL’s quarterly revenue was up 8.4% on a year-over-year basis. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. On average, analysts expect that PPL will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PPL by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,770,101 shares of the utilities provider’s stock valued at $100,028,000 after purchasing an additional 187,083 shares during the last quarter. Old Port Advisors acquired a new stake in PPL during the 2nd quarter worth $708,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of PPL by 13.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,332,267 shares of the utilities provider’s stock worth $48,108,000 after buying an additional 152,963 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of PPL by 104.2% during the first quarter. Vestmark Advisory Solutions Inc. now owns 56,132 shares of the utilities provider’s stock worth $2,027,000 after buying an additional 28,641 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of PPL in the first quarter valued at about $2,866,000. 76.99% of the stock is owned by hedge funds and other institutional investors.

About PPL

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.