PPL Corporation has presented a slew of updates and financial developments. The company provided its
2024 earnings results, reported a
growth target extension through 2028, and announced an employee campaign that raised almost $9 million for community improvements. Various investment holdings, such as
Allspring Global Investments and
Truist Financial Corp, have increased their PPL shares. Utility PPL highlighted a significant
increase in its capita expenditure plan due to rising power demands, alongside a $2B equity distribution agreement. PPL's fourth-quarter earnings, however, missed estimates, illustrating a
mixed outlook for the company's financial future. The company announced upcoming leadership changes and a cap in expected EPS for 2025, with the anticipation of a profit drop due to increased costs and interest rates. Further, PPL received federal funding of up to $72 million from the U.S. Department of Energy's Office of
Clean Energy Demonstrations. On a brighter note, the company reported a rise in its
dividend payment, reaffirming the institutional faith with 79% of PPL's ownership lying with large institutional investors.
Ppl Corporation PPL News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 22 Feb 2025 08:14:01 GMT -
Rating 2
- Innovation 2
- Information 8
- Rumor -4
