Citadel Stock Holdings: 5 Biggest Energy Stocks

Below we present the list of Citadel Stock Holdings: 5 Biggest Energy Stocks. For our methodology and a more comprehensive list please see Citadel Stock Holdings: 10 Biggest Energy Stocks.

5. PPL Corporation (NYSE:PPL)

Value of Citadel Investment Group’s 13F Position: $182 million

Number of Hedge Fund Shareholders: 28

PPL Corporation (NYSE:PPL) tied its all-time low in hedge fund ownership at the end of 2021, but there was a 47% rise in the number of funds long PPL during the first three quarters of 2022. Ken Griffin’s Citadel Investment was already a PPL shareholder heading into 2022 but added significantly to its position during the first three quarters of the year, raising its stake from just 93,822 shares to nearly 7.19 million.

Like Vistra Energy, PPL Corporation (NYSE:PPL) also has ambition plans to achieve carbon neutrality by 2050 through greatly enhancing its renewable energy capacity. To that end, the company completed its acquisition of natural gas utility The Narragansett Electric Company in May, which further reduces its exposure to coal.

PPL Corporation (NYSE:PPL) was forced to slash its dividend payout by 51% in early 2022 after missing earnings estimates and with the goal of achieving a 60% to 65% payout ratio. It raised its dividend by 12.5% later in the year, and PPL shares still yield a solid 3.08%. Given its net debt to EBITDA has been significantly lowered in recent years, the company’s dividend should be relatively safe from here on out.