PPL Chart
About

PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

Fundamentals
Scroll to Statements
Sector Utilities Industry Utilities - Regulated El Market Cap 29.15B
Enterprise Value 47.21B Income 1.18B Sales 9.04B
Book/sh 19.81 Cash/sh 1.43 Dividend Yield 298.00%
Payout 68.55% Employees 6546 IPO —
P/E 24.40 Forward P/E 18.37 PEG —
P/S 3.22 P/B 1.96 P/C —
EV/EBITDA 13.32 EV/Sales 5.22 Quick Ratio 0.63
Current Ratio 0.86 Debt/Eq 131.15 LT Debt/Eq —
EPS (ttm) 1.59 EPS next Y 2.11 EPS Growth 49.90%
Revenue Growth 2.80% Earnings 2026-04-30 ROA 3.09%
ROE 8.16% ROIC — Gross Margin 43.48%
Oper. Margin 18.87% Profit Margin 13.06% Shs Outstand 751.31M
Shs Float 749.26M Short Float 4.97% Short Ratio 3.56
Short Interest — 52W High 38.81 52W Low 32.50
Beta 0.72 Avg Volume 7.62M Volume 6.29M
Target Price $40.53 Recom Buy Prev Close $38.28
Price $38.80 Change 1.36%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$40.53
Mean price target
2. Current target
$38.80
Latest analyst target
3. DCF / Fair value
$-31.97
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$38.80
Low
$34.00
High
$44.00
Mean
$40.53

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 up Barclays Equal-Weight → Overweight $40
2026-02-23 main UBS Neutral → Neutral $41
2026-02-23 main Citigroup Neutral → Neutral $38
2026-02-18 main BMO Capital Outperform → Outperform $41
2026-01-22 main Barclays Equal-Weight → Equal-Weight $37
2026-01-20 main Wells Fargo Overweight → Overweight $41
2025-12-17 main UBS Neutral → Neutral $36
2025-12-12 main Wells Fargo Overweight → Overweight $45
2025-12-11 main JP Morgan Overweight → Overweight $40
2025-10-28 init Wells Fargo — → Overweight $43
2025-10-21 main BMO Capital Outperform → Outperform $41
2025-10-16 main B of A Securities Buy → Buy $43
2025-10-14 main Barclays Equal-Weight → Equal-Weight $40
2025-10-10 main UBS Neutral → Neutral $39
2025-10-07 init Evercore ISI Group — → Outperform $43
2025-09-25 main Morgan Stanley Overweight → Overweight $38
2025-07-01 main Barclays Equal-Weight → Equal-Weight $35
2025-06-18 main Morgan Stanley Overweight → Overweight $37
2025-05-01 main Guggenheim Buy → Buy $40
2025-03-21 main UBS Neutral → Neutral $36
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 68775 2574936.0 — Conversion of Exercise of derivative security at price 37.44 per share. SORGI VINCENT Chief Executive Officer — 2026-02-20 00:00:00 D
1 3374 nan — — HENNINGER TADD J Officer and Treasurer — 2026-02-20 00:00:00 D
2 3282 122878.0 — Conversion of Exercise of derivative security at price 37.44 per share. BEERS MARLENE C. Officer — 2026-02-20 00:00:00 D
3 14621 547410.0 — Conversion of Exercise of derivative security at price 37.44 per share. STARK WENDY E Officer — 2026-02-20 00:00:00 D
4 9227 nan — — CROCKETT JOHN R III Officer — 2026-02-20 00:00:00 D
5 8670 nan — — GOSMAN ANGELA K Officer — 2026-02-20 00:00:00 D
6 7875 294840.0 — Conversion of Exercise of derivative security at price 37.44 per share. BONENBERGER DAVID J Officer — 2026-02-20 00:00:00 D
7 2993 112058.0 — Conversion of Exercise of derivative security at price 37.44 per share. MARTIN CHRISTINE M. Officer — 2026-02-20 00:00:00 D
8 2076 77725.0 — Conversion of Exercise of derivative security at price 37.44 per share. CORNETT JOHN GREGORY Officer — 2026-02-20 00:00:00 D
9 3533 nan — — BELLAR LONNIE E General Counsel — 2026-02-20 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems9.18M-18.71M5.06M-6.21M
TaxRateForCalcs0.200.200.220.27
NormalizedEBITDA3.17B3.02B2.64B2.58B
TotalUnusualItems45.00M-94.00M23.00M-23.00M
TotalUnusualItemsExcludingGoodwill45.00M-94.00M23.00M-23.00M
NetIncomeFromContinuingOperationNetMinorityInterest888.00M740.00M714.00M18.00M
ReconciledDepreciation1.36B1.33B1.23B1.12B
ReconciledCostOfRevenue4.99B4.96B4.96B3.03B
EBITDA3.21B2.92B2.66B2.56B
EBIT1.85B1.59B1.43B1.44B
NetInterestIncome-705.00M-634.00M-509.00M-906.00M
InterestExpense738.00M666.00M513.00M918.00M
InterestIncome33.00M32.00M4.00M12.00M
NormalizedIncome852.18M815.29M696.06M34.79M
NetIncomeFromContinuingAndDiscontinuedOperation888.00M740.00M756.00M-1.48B
TotalExpenses6.72B6.68B6.53B4.36B
TotalOperatingIncomeAsReported1.74B1.63B1.37B1.42B
DilutedAverageShares739.85M738.17M736.90M764.82M
BasicAverageShares737.76M737.04M736.03M762.90M
DilutedEPS1.201.001.02-1.93
BasicEPS1.201.001.02-1.93
DilutedNIAvailtoComStockholders886.00M739.00M755.00M-1.48B
NetIncomeCommonStockholders886.00M739.00M755.00M-1.48B
OtherunderPreferredStockDividend2.00M1.00M1.00M0.00
NetIncome888.00M740.00M756.00M-1.48B
NetIncomeIncludingNoncontrollingInterests888.00M740.00M756.00M-1.48B
NetIncomeDiscontinuousOperations0.000.0042.00M-1.50B
NetIncomeContinuousOperations888.00M740.00M714.00M18.00M
TaxProvision228.00M184.00M201.00M503.00M
PretaxIncome1.12B924.00M915.00M521.00M
OtherIncomeExpense81.00M-72.00M50.00M3.00M
OtherNonOperatingIncomeExpenses36.00M22.00M27.00M26.00M
SpecialIncomeCharges45.00M-94.00M23.00M-23.00M
OtherSpecialCharges-45.00M94.00M-23.00M23.00M
NetNonOperatingInterestIncomeExpense-705.00M-634.00M-509.00M-906.00M
InterestExpenseNonOperating738.00M666.00M513.00M918.00M
InterestIncomeNonOperating33.00M32.00M4.00M12.00M
OperatingIncome1.74B1.63B1.37B1.42B
OperatingExpense1.65B1.65B1.51B1.29B
OtherTaxes374.00M392.00M332.00M207.00M
DepreciationAmortizationDepletionIncomeStatement1.28B1.25B1.18B1.08B
DepreciationAndAmortizationInIncomeStatement1.28B1.25B1.18B1.08B
DepreciationIncomeStatement1.28B1.25B1.18B1.08B
SellingGeneralAndAdministration-40.00M-47.00M-21.00M
GeneralAndAdministrativeExpense-40.00M-47.00M-21.00M
SalariesAndWages-40.00M-47.00M-21.00M
GrossProfit3.39B3.28B2.89B2.71B
CostOfRevenue5.07B5.04B5.01B3.07B
TotalRevenue8.46B8.31B7.90B5.78B
OperatingRevenue8.46B8.31B7.90B5.78B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber32.18M32.88M33.53M34.78M
OrdinarySharesNumber738.03M737.13M736.49M735.11M
ShareIssued770.22M770.01M770.01M769.89M
NetDebt16.50B15.27B13.87B7.64B
TotalDebt16.81B15.60B14.23B11.21B
TangibleBookValue11.52B11.38B11.35B12.66B
InvestedCapital30.88B29.54B28.14B24.93B
WorkingCapital-453.00M-408.00M-965.00M2.68B
NetTangibleAssets11.52B11.38B11.35B12.66B
CommonStockEquity14.08B13.93B13.91B13.72B
TotalCapitalization30.03B28.54B26.80B24.39B
TotalEquityGrossMinorityInterest14.08B13.93B13.92B13.72B
MinorityInterest0.000.003.00M0.00
StockholdersEquity14.08B13.93B13.91B13.72B
GainsLossesNotAffectingRetainedEarnings-184.00M-163.00M-124.00M-157.00M
OtherEquityAdjustments-184.00M-163.00M-124.00M-157.00M
TreasuryStock928.00M948.00M967.00M1.00B
RetainedEarnings2.83B2.71B2.68B2.57B
AdditionalPaidInCapital12.35B12.33B12.32B12.30B
CapitalStock8.00M8.00M8.00M8.00M
CommonStock8.00M8.00M8.00M8.00M
TotalLiabilitiesNetMinorityInterest26.99B25.30B23.92B19.50B
TotalNonCurrentLiabilitiesNetMinorityInterest23.66B21.96B20.13B17.18B
OtherNonCurrentLiabilities452.00M385.00M361.00M479.00M
EmployeeBenefits317.00M275.00M206.00M183.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans317.00M275.00M206.00M183.00M
NonCurrentDeferredLiabilities3.47B3.22B3.12B3.27B
NonCurrentDeferredTaxesLiabilities3.47B3.22B3.12B3.27B
LongTermDebtAndCapitalLeaseObligation15.95B14.61B12.89B10.67B
LongTermDebt15.95B14.61B12.89B10.67B
LongTermProvisions136.00M133.00M138.00M157.00M
CurrentLiabilities3.33B3.34B3.79B2.32B
OtherCurrentLiabilities837.00M816.00M862.00M619.00M
CurrentDebtAndCapitalLeaseObligation854.00M993.00M1.34B543.00M
CurrentDebt854.00M993.00M1.34B543.00M
OtherCurrentBorrowings551.00M1.00M354.00M474.00M
CommercialPaper303.00M992.00M985.00M69.00M
PayablesAndAccruedExpenses1.64B1.53B1.59B1.16B
CurrentAccruedExpenses157.00M124.00M97.00M81.00M
InterestPayable157.00M124.00M97.00M81.00M
Payables1.49B1.41B1.49B1.08B
DividendsPayable186.00M173.00M166.00M305.00M
TotalTaxPayable103.00M130.00M124.00M96.00M
AccountsPayable1.20B1.10B1.20B679.00M
TotalAssets41.07B39.24B37.84B33.22B
TotalNonCurrentAssets38.19B36.30B35.01B28.22B
OtherNonCurrentAssets419.00M459.00M395.00M451.00M
GoodwillAndOtherIntangibleAssets2.56B2.55B2.56B1.06B
OtherIntangibleAssets314.00M306.00M313.00M343.00M
Goodwill2.25B2.25B2.25B716.00M
NetPPE33.15B31.42B30.24B25.47B
AccumulatedDepreciation-9.71B-9.18B-8.40B-6.53B
GrossPPE42.86B40.60B38.64B32.00B
ConstructionInProgress2.39B1.92B1.58B1.26B
OtherProperties79.00M72.00M92.00M266.00M
CurrentAssets2.88B2.93B2.82B5.01B
OtherCurrentAssets405.00M344.00M335.00M106.00M
AssetsHeldForSaleCurrent0.00
PrepaidAssets136.00M103.00M92.00M60.00M
Inventory511.00M505.00M443.00M322.00M
Receivables1.52B1.65B1.60B948.00M
OtherReceivables76.00M271.00M150.00M58.00M
AccountsReceivable961.00M950.00M896.00M583.00M
AllowanceForDoubtfulAccountsReceivable-115.00M-89.00M-87.00M-65.00M
GrossAccountsReceivable1.08B1.04B983.00M648.00M
CashCashEquivalentsAndShortTermInvestments306.00M331.00M356.00M3.57B
CashAndCashEquivalents306.00M331.00M356.00M3.57B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-465.00M-632.00M-425.00M297.00M
RepurchaseOfCapitalStock0.000.00-1.00B
RepaymentOfDebt0.00-1.85B-264.00M-5.71B
IssuanceOfDebt1.89B3.25B850.00M650.00M
IssuanceOfCapitalStock9.00M
CapitalExpenditure-2.81B-2.39B-2.15B-1.97B
InterestPaidSupplementalData670.00M604.00M462.00M191.00M
IncomeTaxPaidSupplementalData123.00M281.00M163.00M284.00M
EndCashPosition339.00M382.00M357.00M3.57B
BeginningCashPosition382.00M357.00M3.57B443.00M
EffectOfExchangeRateChanges0.000.008.00M
ChangesInCash-43.00M25.00M-3.21B3.13B
OtherCashAdjustmentInsideChangeinCash0.000.00284.00M
CashFlowFromDiscontinuedOperation0.000.00292.00M
FinancingCashFlow435.00M650.00M709.00M-7.39B
CashFromDiscontinuedFinancingActivities0.000.00-46.00M
CashFlowFromContinuingFinancingActivities435.00M650.00M709.00M-7.34B
NetOtherFinancingCharges-23.00M-51.00M-6.00M-7.00M
CashDividendsPaid-747.00M-704.00M-787.00M-1.28B
CommonStockDividendPaid-747.00M-704.00M-787.00M-1.28B
NetCommonStockIssuance0.000.00-1.00B
CommonStockPayments0.000.00-1.00B
CommonStockIssuance9.00M
NetIssuancePaymentsOfDebt1.21B1.41B1.50B-5.05B
NetShortTermDebtIssuance-689.00M7.00M916.00M-799.00M
ShortTermDebtPayments0.000.00-799.00M
ShortTermDebtIssuance7.00M916.00M0.00
NetLongTermDebtIssuance1.89B1.40B586.00M-4.26B
LongTermDebtPayments0.00-1.85B-264.00M-4.91B
LongTermDebtIssuance1.89B3.25B850.00M650.00M
InvestingCashFlow-2.82B-2.38B-5.65B7.96B
CashFromDiscontinuedInvestingActivities0.000.00-607.00M
CashFlowFromContinuingInvestingActivities-2.82B-2.38B-5.65B8.56B
NetOtherInvestingChanges-13.00M7.00M15.00M-23.00M
NetInvestmentPurchaseAndSale0.000.00146.00M
SaleOfInvestment0.000.00146.00M
NetBusinessPurchaseAndSale0.000.00-3.51B10.56B
SaleOfBusiness0.000.00146.00M10.56B
PurchaseOfBusiness0.000.00-3.66B0.00
CapitalExpenditureReported-2.81B-2.39B-2.15B-1.97B
OperatingCashFlow2.34B1.76B1.73B2.27B
CashFromDiscontinuedOperatingActivities0.000.00726.00M
CashFlowFromContinuingOperatingActivities2.34B1.76B1.73B1.54B
ChangeInWorkingCapital-7.00M-139.00M-392.00M22.00M
ChangeInOtherWorkingCapital-133.00M1.00M-195.00M43.00M
ChangeInPayablesAndAccruedExpense-35.00M-39.00M279.00M19.00M
ChangeInAccruedExpense33.00M27.00M1.00M-32.00M
ChangeInInterestPayable33.00M27.00M1.00M-32.00M
ChangeInPayable-68.00M-66.00M278.00M51.00M
ChangeInAccountPayable-41.00M-72.00M358.00M24.00M
ChangeInTaxPayable-27.00M6.00M-80.00M27.00M
ChangeInIncomeTaxPayable-27.00M6.00M-80.00M27.00M
ChangeInPrepaidAssets-34.00M1.00M-13.00M
ChangeInInventory-2.00M-60.00M-90.00M-21.00M
ChangeInReceivables197.00M-42.00M-373.00M-19.00M
ChangesInAccountReceivables254.00M-170.00M-176.00M-14.00M
OtherNonCashItems-68.00M-460.00M-85.00M-183.00M
StockBasedCompensation46.00M33.00M37.00M37.00M
AssetImpairmentCharge0.000.0037.00M
DeferredTax196.00M322.00M179.00M87.00M
DeferredIncomeTax196.00M322.00M179.00M87.00M
DepreciationAmortizationDepletion1.36B1.33B1.23B1.12B
DepreciationAndAmortization1.36B1.33B1.23B1.12B
AmortizationCashFlow78.00M81.00M52.00M39.00M
AmortizationOfIntangibles78.00M81.00M52.00M39.00M
Depreciation1.28B1.25B1.18B1.08B
OperatingGainsLosses-72.00M-73.00M44.00M405.00M
PensionAndEmployeeBenefitExpense-72.00M-73.00M-16.00M10.00M
GainLossOnSaleOfBusiness0.000.0060.00M0.00
NetIncomeFromContinuingOperations888.00M740.00M714.00M18.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PPL
Date User Asset Broker Type Position Size Entry Price Patterns