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 4.8% dividend yield as of early March. 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 $17.6 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 


William Spence has been chairman and CEO since 2012. Spence 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. We believe this positions him well   Read more 


PPL is an integrated energy holding firm with four segments. Supply owns and operates about 10,500 megawatts of generating capacity. The international regulated delivery   Read more 

The Future Looks Bright for This Wide-Moat Utility 
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