Morningstar Rating

Stock Research and Analysis

by Andrew Bischof, CFA

Bulls Say

PPL's predominantly regulated earnings mix provides a strong base for earnings, which helps offset forecast weakness in the supply segment.
With an aggressive scheduled capital plan, rate base is forecast to increase at an 7% compound annual growth rate.
PPL offers an above average 4.4% dividend yield as of mid-June. Read more 

Bears Say

Slow economic recovery in PPL's service territories continues to affect the company's domestic and international regulated utility segments.
With a planned $18.0 billion in capital expenditures during the next five years, dividend growth may be limited.
Given the investment program, it will be necessary for PPL to request frequent rate increases with the potential for unfavorable opinions from regulators. Read more 

Management

William Spence has been chairman and CEO since April 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   Read more 

Profile

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 

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