PPL Corporation (NYSE: PPL) announced today that the company's 2020 Annual Meeting of Shareowners will be held virtually to prioritize the health and safety of meeting participants during the coronavirus pandemic. The Annual Meeting will convene live via the internet on Wednesday, May 13, 2020, at 9 a.m. Eastern time.
Moody's Investors Service, ("Moody's") affirmed the Baa2 Issuer Rating of PPL Corporation (PPL) as well as the Baa2 senior unsecured and Prime-2 short-term ratings of PPL Capital Funding, Inc., whose obligations are fully guaranteed by PPL Corporation. Also, Moody's affirmed the ratings of PPL Electric Utilities Corporation (PPL Electric), including its A3 senior unsecured rating and Prime-2 short-term rating for commercial paper.
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NOTE: On May 22, 2020, the press release was corrected as follows: In the first sentence of the third paragraph of the Ratings Rationale section, the percentage of rate base regulated by the FERC was changed to 50%, and in the second sentence of the third paragraph of the Ratings Rationale section, the amount of the large capital investment program was changed to $4 billion. New York, May 20, 2020 -- Moody's Investors Service, ("Moody's") affirmed the Baa2 Issuer Rating of PPL Corporation (PPL) as well as the Baa2 senior unsecured and Prime-2 short-term ratings of PPL Capital Funding, Inc., whose obligations are fully guaranteed by PPL Corporation.
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Ppl Corp . on Friday, setting a price target of $26, which is approximately 5.91% above the present share price of $24.55.
PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Wednesday, May 13, of $0.4150 per share, payable July 1, 2020, to shareowners of record as of June 10, 2020.
PPL Corp's (PPL) solid liquidity position will strengthen its existing operations.
PPL Corporation (NYSE: PPL) continues to deliver electricity and gas safely and reliably to more than 10 million customers in the U.S. and U.K. as the company rises to the challenge of the current COVID-19 pandemic and remains focused on operational excellence, PPL Chairman and Chief Executive Officer William H. Spence told investors today.
Moody's Investors Service, (Moody's) has today affirmed the Baa1/(P)Baa1 senior unsecured ratings of the four distribution network operators (DNOs) owned by the Western Power Distribution (WPD) group. Concurrently, Moody's has affirmed the Baa3 senior unsecured ratings of the intermediate holding company of these issuers -- Western Power Distribution Plc (WPD Plc).
Share dilution hurts PPL Corp's (PPL) first-quarter 2020 results.
The utilities sector is made up of companies that provide electricity, natural gas, water, sewage and other services to homes and businesses. Many of these companies are heavily regulated, and include Duke Energy Corp. (DUK), Southern Co. (SO), and American Electric Power Co. Inc. (AEC). Utilities stocks, as represented by the Utilities Select Sector SPDR ETF (XLU), have underperformed the broader market with a total return of -0.7% compared to the S&P 500's total return of 8.7% over the past 12 months. These market performance numbers and the statistics in the tables below are as of May 26.
PPL Corporation today released its 2019 Sustainability Report, which highlights how the company is advancing its sustainability commitments related to energy and the environment, social responsibility, and governance and management.
Those holding PPL (NYSE:PPL) shares must be pleased that the share price has rebounded 34% in the last thirty days...
RBC Capital analyst Shelby Tucker maintained a Hold rating on Ppl Corp . on Friday, setting a price target of $28, which is approximately 14.24% above the present share price of $24.51.
Moody's Investors Service, (Moody's) has today affirmed the Baa1/(P)Baa1 senior unsecured ratings of the four distribution network operators (DNOs) owned by the Western Power Distribution (WPD) group. Concurrently, Moody's has affirmed the Baa3 senior unsecured ratings of the intermediate holding company of these issuers -- Western Power Distribution Plc (WPD Plc).
As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...
PPL Corporation (NYSE: PPL) will release consolidated first-quarter 2020 earnings results on Friday, May 8.
PPL Corp (PPL) continues to follow an organic growth strategy to expand as well as upgrade its electric and gas infrastructure.
PPL Corp (PPL) to report its first-quarter 2020 results on May 8.
Image source: The Motley Fool. PPL Corp (NYSE: PPL)Q1 2020 Earnings CallMay 9, 2020, 11:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to the PPL Corporation First Quarter Earnings Conference Call.