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PPL CORPORATION

(PPL)
  Report
Delayed Nyse  -  01:00 2022-11-25 pm EST
29.23 USD   +0.41%
11/21PPL to Pay Quarterly Stock Dividend Jan. 3, 2023
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11/21Credit Suisse Lifts PPL's Price Target to $29 From $27, Keeps Outperform Rating
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PPL CORP : Regulation FD Disclosure (form 8-K)

04/11/2022 | 05:28pm EST

Item 7.01 Regulation FD Disclosure.

As previously disclosed, on February 23, 2022, the Rhode Island Division of Public Utilities and Carriers (the "Division"), in response to an application filed by PPL Corporation (the "Company"), PPL Rhode Island Holdings, LLC, an indirect wholly-owned subsidiary of the Company ("PPL Rhode Island"), The Narragansett Electric Company ("Narragansett") and National Grid USA, issued an order authorizing, as consistent with the public interest, the disposition of jurisdictional facilities that will result in PPL Rhode Island acquiring 100% of the outstanding shares of common stock of Narragansett (the "Transaction"), as contemplated by that certain Share Purchase Agreement, dated as of March 17, 2021 (as supplemented and amended), by and among PPL Energy Holdings, LLC, PPL Rhode Island (as successor by assignment from PPL Energy Holdings, LLC), National Grid USA, and, solely with respect to certain provisions thereof, the Company.

On April 1, 2022, the Rhode Island Superior Court (the "Superior Court") stayed the Division's order pending the Superior Court's decision on the Attorney General of Rhode Island's appeal of the Division's order. Oral arguments with respect to such appeal were scheduled for April 12, 2022 before the Superior Court.

On April 11, 2022, the Superior Court granted the request of the Company, PPL Rhode Island and the Attorney General of Rhode Island and issued an order rescheduling the oral arguments with respect to such appeal for April 26, 2022 to allow time for the parties to pursue settlement discussions. There can be no assurances that a settlement will be reached by the parties. The Company remains confident that the Division correctly authorized the Transaction.

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© Edgar Online, source Glimpses

All news about PPL CORPORATION
11/21PPL to Pay Quarterly Stock Dividend Jan. 3, 2023
AQ
11/21LG&E and KU - Kentucky Utilities earns top honors in Electric Business Customer Satisfa..
AQ
11/21Credit Suisse Lifts PPL's Price Target to $29 From $27, Keeps Outperform Rating
MT
11/18PPL Keeps Quarterly Dividend at $0.2250 a Share, Payable Jan. 3, 2023, to Shareholders ..
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11/18PPL to Pay Quarterly Stock Dividend Jan. 3, 2023
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11/18PPL Corporation Declares Quarterly Common Stock Dividend, Payable January 3, 2023
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11/14Rhode Island Energy Prepares for Remnants of Tropical Storm Nicole to Hit Rhode Island
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11/11Morgan Stanley Adjusts PPL Price Target to $26 From $24, Maintains Equal Weight Rating
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11/07PPL Corporation Reports Third-Quarter 2022 Earnings
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11/04PPL CORP Combined Management's Discussion and Analysis of Financial Condition and ..
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Analyst Recommendations on PPL CORPORATION
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Financials (USD)
Sales 2022 6 968 M - -
Net income 2022 763 M - -
Net Debt 2022 13 732 M - -
P/E ratio 2022 28,2x
Yield 2022 3,04%
Capitalization 21 523 M 21 523 M -
EV / Sales 2022 5,06x
EV / Sales 2023 4,85x
Nbr of Employees 5 607
Free-Float 95,5%
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Technical analysis trends PPL CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 29,23 $
Average target price 29,04 $
Spread / Average Target -0,66%
EPS Revisions
Managers and Directors
Vincent Sorgi President, Chief Executive Officer & Director
Joseph P. Bergstein Chief Financial Officer & Executive Vice President
Craig A. Rogerson Independent Chairman
W. Mark Brooks Chief Information Security Officer & VP
Gregory N. Dudkin Chief Operating Officer & Executive Vice President
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