PPL Corporation (PPL)

Over the past six months, PPL Corporation reported its first and second-quarter 2025 earnings. PPL and Blackstone Infrastructure formed a joint venture to build natural gas generation in Pennsylvania. LG&E and KU reached an agreement with stakeholders regarding Kentucky's energy needs. PPL announced a quarterly stock dividend to be paid on October 1, 2025. PPL Electric Utilities filed a distribution base rate request to fund grid modernization. As of October 3, 2025, PPL's stock price was $36.70, having risen by 2.83% over the past two weeks and 8.6% over the past 52 weeks.

The demand for PPL Corporation's products and services exhibits seasonality, driven by the varying energy needs of its customers throughout the year. A significant portion of customers' energy needs, up to 65%, occurs at night during the winter months. PPL is anticipating strong load growth due to a surge in electricity demand from data centers and an increase in domestic manufacturing within its service territories.

PPL Corporation is an energy company focused on electricity and natural gas generation, transmission, and distribution. It delivers electricity and natural gas to millions of customers and promotes energy efficiency through programs like energy analysis and rebates. PPL operates through subsidiaries including PPL Electric Utilities, which serves central and eastern Pennsylvania; Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), which serve Kentucky and parts of Virginia; and Rhode Island Energy, which serves Rhode Island.

PPL Corporation's primary geographic footprint is in the United States, delivering electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island, and natural gas to customers in Kentucky and Rhode Island. PPL divested its United Kingdom operations in 2021 to focus on its U.S. operations.

PPL Corporation's operating companies, including PPL Electric Utilities and Louisville Gas and Electric and Kentucky Utilities, consistently rank high in customer satisfaction studies and have received numerous J.D. Power and Associates awards. PPL Electric Utilities has received 30 J.D. Power and Associates awards for customer satisfaction, and LG&E and KU have won 28. PPL Electric Utilities' filing of a distribution base rate increase request on September 30, 2025, could impact brand reputation.

PPL Corporation's ownership is primarily institutional, with approximately 81.94% held by institutional shareholders, 0.30% by PPL insiders, and 17.76% by retail investors. The largest individual shareholder is Vanguard Group Inc., owning 12.31% of the company, followed by BlackRock, Inc., Franklin Resources Inc., State Street Corp., Invesco Ltd., Wellington Management Group Llp, and Geode Capital Management, Llc.