PPL Corporation (PPL)

PPL's stock has shown positive performance, increasing by 19.75% from June 20, 2024, to June 18, 2025, and gaining 3.20% in the last six months as of June 27, 2025. In Q4 2024, PPL reported adjusted EPS of $0.34, missing expectations, but revenue exceeded forecasts. In Q1 2025, the company announced strong results, with reported EPS of $0.56 and ongoing EPS of $0.60, surpassing estimates, and reaffirmed its 2025 ongoing earnings forecast and growth targets. PPL declared quarterly common stock dividends, including an approximately 6% increase in the quarterly dividend on February 13, 2025. Increased interest from data center developers is driving demand for the company's services. PPL announced a significant increase in its infrastructure investment plan to $20 billion from 2025 through 2028. PPL Corp. agreed to an $8.2 million class action settlement with workers regarding retirement plans.

The demand for PPL Corporation's electricity and natural gas products and services is significantly affected by weather conditions, leading to seasonal fluctuations. Natural gas demand increases during the winter months for heating. Louisville Gas and Electric Company utilizes underground natural gas storage fields to store natural gas during the summer for winter use. Electricity demand also experiences seasonal variability, with higher usage for cooling during warmer months. PPL Electric Utilities actively prepares for summer peak demand, and the company's generation portfolio is developed to reliably meet customer demands throughout the year.

PPL Corporation is a leading U.S. energy company headquartered in Allentown, Pennsylvania. It operates as a utility holding company focused on the generation, transmission, and distribution of electricity, as well as the distribution and sale of natural gas. PPL operates through three regulated segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.

PPL Corporation serves more than 3.6 million customers across the United States. Its primary operating jurisdictions include Kentucky, Pennsylvania, and Rhode Island. Louisville Gas and Electric Company and Kentucky Utilities Company serve over 1.3 million customers in Kentucky and five counties in Virginia. PPL Electric Utilities Corporation serves 1.4 million customers in eastern and central Pennsylvania. Rhode Island Energy provides electricity and natural gas to over 770,000 customers across Rhode Island.

PPL Corporation has received accolades for customer satisfaction, industry recognition, workplace and governance, and sustainability. Kentucky Utilities was ranked highly for customer satisfaction by J.D. Power. PPL Electric Utilities received the Escalent 2024 Customer Champions Award. PPL Electric Utilities received the SEPA 2025 Resilience Power Player Award. Rhode Island Energy was recognized by the American Council for an Energy Efficient Economy. LG&E and KU, along with PPL Electric and Rhode Island Energy, received Edison Electric Institute's Emergency Response Awards. LG&E and KU were also recognized by Site Selection as a Top Utility. PPL was named one of Forbes 2025 America's Best Companies and Newsweek 2024 America's Greatest Workplaces. It also received the CPA-Zicklin 2024 Trendsetter Award, Disability:IN recognition, and VETSIndex recognition. PPL continues to issue reports detailing its ESG and sustainability initiatives, including progress towards net-zero carbon emissions by 2050. However, PPL Electric Utilities agreed to a $1 million contribution to a fund for customers and additional refunds following billing system malfunctions in 2023, which negatively impacted customer perception.

PPL Corporation's ownership is predominantly institutional, with institutional investors holding approximately 70% to 81.74% of the company's stock. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Franklin Resources Inc, State Street Corp, Wellington Management Group Llp, Invesco Ltd., Geode Capital Management, Llc, Hotchkis Wiley Capital Management LLC, Bank Of America Corp, and Boston Partners. The general public holds about 21% to 30% of the shares, and insiders own under 1%.