PPL Corporation (PPL)

In the past six months, PPL Corporation declared a quarterly common stock dividend of $0.2725 per share. The company reported its second-quarter 2025 earnings. BTIG initiated coverage on PPL Corp. with a "Buy" rating and a price target of $44.00, citing the company as a beneficiary of data center growth. BofA Securities raised its price target on PPL Corp. to $43.00 from $38.00, maintaining a "Buy" rating, attributed to PPL's above-average earnings per share growth prospects. BMO Capital increased its price target for PPL to $41 following a settlement in the KU/LG&E rate case. Evercore ISI initiated coverage with an "Outperform" rating and a $43 price target. A settlement was reached in the KU/LG&E rate case, proposing a $235 million increase in electric and gas rates. PPL also filed a rate case in Pennsylvania. The company is seen as a beneficiary of increased electricity demand due to data center expansion. PPL Electric Utilities is making investments to strengthen and modernize infrastructure. Effective June 1, 2025, PPL Electric Utilities customers saw a 16% increase in electricity rates.

Demand for PPL Corporation's products and services exhibits seasonality. Electricity demand typically peaks during hot summer afternoons due to increased air conditioning use. The company also experiences winter peak demand. PPL Electric regularly reviews reliability performance to identify needed improvements, and forecasted load for summer is not projected to exceed the all-time peak.

PPL Corporation operates within the electric utilities sector and industry, providing reliable and affordable energy services, primarily the delivery of electricity and natural gas, to millions of customers. The company's main products are the transmission and distribution of electricity and natural gas. PPL operates through three primary regulated business segments: PA Regulated, KY Regulated, and RI Regulated. PPL is also actively investing in renewable energy projects and is committed to reducing its carbon footprint.

PPL Corporation's geographic footprint is concentrated in the United States. Its regulated utilities serve customers in Pennsylvania, where PPL Electric Utilities delivers electricity to over 1.4 million homes and businesses. In Kentucky, Louisville Gas and Electric Company (LG&E) provides electricity and natural gas services in Louisville and surrounding counties, while Kentucky Utilities Company (KU) serves additional counties. Rhode Island Energy provides electricity or natural gas to over 770,000 customers across the state.

PPL Corporation has generally maintained a positive brand reputation, particularly in terms of reliability and customer service. PPL Electric Utilities consistently ranks among the best utility companies for customer service and reliability. PPL is focused on creating "utilities of the future" and has a goal to achieve net-zero carbon emissions by 2050. PPL has invested significantly in infrastructure improvements to enhance reliability and resilience. LG&E and KU have reached agreements with stakeholders on rate requests aimed at strengthening reliability and improving service for customers. No significant negative events impacting PPL Corp.'s brand reputation were prominently found.

PPL Corporation's ownership structure is primarily composed of institutional investors, with a smaller percentage held by individual investors and insiders. Institutional investors hold a significant portion of PPL's stock, with major shareholders including Vanguard Group Inc., BlackRock, Inc., and Franklin Resources Inc. The general public holds a substantial stake, while insiders own under 1% of the company's stock.