Morningstar Rating

Stock Research and Analysis

by Andrew Bischof, CFA

Bulls Say

PPL's predominantly regulated earnings mix provides a strong base for earnings and dividends.
With an aggressive scheduled capital plan, rate base is forecast to increase at a 6% CAGR.
PPL offers an above-average 4.5% dividend yield as of early June. Read more 

Bears Say

Slow energy demand growth in PPL's service territories continues to affect the company's domestic and international regulated utility segments.
With a planned $16.5 billion in capital expenditures during the next five years, dividend growth may be limited.
To support its investment plans, PPL will have to request frequent rate increases with the potential for unfavorable opinions from regulators. Read more 

Management

William Spence has been chairman and CEO since 2012. He joined PPL in 2006 and was named PPL's chief operating officer that same year, overseeing the day-to-day operations of the regulated and supply segments.
PPL's management team faces a big test   Read more 

Profile

PPL is a regulated utility with three key segments. The international regulated delivery segment operates distribution networks providing electricity service to customers   Read more 

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