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

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 increased its dividend annually for the last 3 consecutive years. PPL has a payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of PPL stock traded up $0.59 during trading hours 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. PPL has a 12-month low of $31.22 and a 12-month high of $38.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.59. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.74 and a beta of 0.66. The stock has a fifty day moving average of $36.72 and a 200-day moving average of $35.73.

PPL (NYSE:PPL) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $0.48 earnings per share for the quarter, topping 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%.PPL’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. PPL has set its FY 2025 guidance at 1.780-1.840 EPS. On average, equities analysts anticipate that PPL will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On PPL

A number of institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp acquired a new position in shares of PPL in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in PPL in the 3rd quarter valued at approximately $30,000. Ancora Advisors LLC raised its position in PPL by 8,350.0% in the first quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 835 shares during the period. Truvestments Capital LLC raised its position in PPL by 5,352.9% in the first quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 910 shares during the period. Finally, AlphaQuest LLC lifted its stake in PPL by 97,800.0% during the first quarter. AlphaQuest LLC now owns 979 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 978 shares in the last quarter. 76.99% of the stock is currently owned by institutional investors and hedge funds.

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.