SCHEDULE: State Street Discloses 5.1% Stake in PPL Corp

State Street Corporation has disclosed a 5.1% beneficial ownership stake in PPL Corp's common stock, totaling over 37 million shares.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has reported beneficial ownership of 37,376,575 shares of PPL Corp's common stock.
• This ownership represents 5.1% of the class of securities.
• State Street Corporation holds 25,076,183 shares with shared voting power and 37,373,667 shares with shared dispositive power.
• The securities are held through various investment adviser subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors (Japan) Co., Ltd., and State Street Global Advisors Europe Limited, among others.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of PPL Corp.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not contain information related to PPL Corp's operational performance, financial results, or strategic outlook, thus maintaining a neutral sentiment.

Industry Context

This filing is a routine disclosure by a large institutional investor, State Street Corporation, indicating a significant but passive stake in PPL Corp. Such disclosures are common for major asset managers who hold diversified portfolios on behalf of clients.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach by State Street Corporation.

Key Dates

Keywords

PPL Corp, State Street Corporation, Beneficial Ownership, Institutional Investment, Common Stock, SEC Filing, Schedule 13G, Investment Advisor