State Street Amends PPL Corp Stake, Remains Passive Investor
Ticker: PPLC · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 922224
| Field | Detail |
|---|---|
| Company | Ppl Corp (PPLC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns PPL shares, but they're not looking to shake things up.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of PPL Corp common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in PPL Corp. For investors, this means a large institutional investor maintains confidence in PPL, which could signal stability but also limits the potential for activist pressure from State Street.
Why It Matters
This filing confirms State Street's continued significant, yet passive, institutional ownership in PPL Corp, providing a signal of ongoing institutional confidence in the utility company.
Risk Assessment
Risk Level: low — The filing indicates a passive investment by a large institution, which generally suggests stability rather than immediate risk.
Analyst Insight
Investors should note that State Street Corporation's continued passive stake in PPL Corp suggests institutional stability, but this filing alone doesn't indicate any new catalysts for significant price movement. It's a routine update confirming an existing position.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- PPL Corp (company) — the subject company whose common stock is being reported
- 0000093751-24-000369 (dollar_amount) — accession number for the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event which required the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a previously reported passive ownership stake.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by IRS Identification No. 04-2456637 and located at 1 Congress Street, Boston, MA.
What is the subject company whose securities are being reported?
The subject company is PPL Corp, an electric services company with CIK 0000922224, located at Two N Ninth St, Allentown, PA.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of PPL Corp is 69351T106, as stated on the cover page of the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding PPL Corp (PPLC).