PPL (PPL)
Owns regulated electric and gas utilities across Pennsylvania, Kentucky, Virginia and Rhode Island.
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Owns regulated electric and gas utilities serving Pennsylvania, Kentucky, Virginia and Rhode Island, earning through approved rates on delivery networks and Kentucky generation. Generation is concentrated in Kentucky, while Pennsylvania and Rhode Island focus on delivery and purchased power.
Owns four regulated utilities spanning Pennsylvania, Kentucky, Virginia and Rhode Island. PPL Electric transmits and distributes electricity in eastern and central Pennsylvania; LG&E and KU generate, transmit and deliver electricity in Kentucky and Virginia, while LG&E also distributes natural gas; Rhode Island Energy delivers electricity and gas across Rhode Island.
Invests in grid hardening, smart-grid deployment, advanced metering, gas-pipe replacement and new Kentucky generation. Revenue and returns depend on state utility commissions and FERC-approved mechanisms that set rates and determine recovery of fuel, purchased power and infrastructure costs.
Pennsylvania and Rhode Island operations buy power for delivery rather than owning generation; the Kentucky utilities operate the generation fleet. Service demand, weather, plant availability and regulatory cost recovery shape results.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $43 | Target: $39 |
| Sep 15, 2026 | RBC Capital | Initiate | Rating: —Target: $31 | Target: $35 |
| Aug 25, 2026 | Jefferies | Reiterate | Rating: —Target: $48 | Target: $44 |
| Aug 17, 2026 | Evercore ISI | Target | Target: $43 | Target: $42 |
| Aug 10, 2026 | BMO Capital | Reiterate | Rating: —Target: $39 | Target: $38 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $332.0M · Total debt $19.85B · Total assets $46.30B · Shareholders' equity $15.05B
- Revenue
- $2.11B
- Operating income
- $475.0M
- Net income
- $230.0M
HistoryDividendAnnual yield
| Institutions | ≈ 76.62% | 672.75M shares | |
|---|---|---|---|
| 1,065 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 23.38% | 205.28M shares | |
| remainder | |||
878.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (878.02M in the company's Sep 22, 2026 report, 752.58M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 4 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.64% | 67.10M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.45% | 47.88M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.61% | 40.50M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.29% | 37.68M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 3.69% | 32.43M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Exelon
Largest US regulated T&D utility; PECO neighbors PPL Electric in Pennsylvania.
- FirstEnergy
PA's largest T&D utility; four rate districts overlap PPL Electric's territory.
- American Electric Power
AEP's Kentucky Power borders LG&E/KU; large multi-state regulated utility peer.
- Duke Energy
Duke Energy Kentucky neighbors LG&E/KU; KPSC rate-case peer in Kentucky.
- Entergy
Fully regulated multi-state utility; direct ROE and earnings-model peer to PPL.
- Eversource Energy
ISO-NE incumbent in CT/MA/NH; shares transmission planning zone with RI Energy.
- Consolidated Edison
Regulated T&D in NYC/Westchester; rate-case benchmark peer for PPL Electric.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PPL | $33.20 | +0.45% | $24.87B | 19.6 | 16.0 | 2.6 | +4.3% |
| Exelon | $42.01 | +0.06% | $43.25B | 15.3 | 14.1 | 1.7 | +10.0% |
| FirstEnergy | $45.20 | +0.50% | $26.02B | 24.0 | 15.7 | 1.6 | +9.5% |
| American Electric Power | $120.36 | +0.28% | $65.34B | 20.8 | 18.1 | 2.9 | +7.0% |
| Duke Energy | $116.82 | +0.07% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| Entergy | $101.75 | +0.16% | $47.40B | 26.0 | 21.7 | 3.5 | +5.9% |
| Eversource Energy | $66.86 | −0.05% | $25.16B | 17.3 | 14.2 | 1.8 | +2.3% |
| Consolidated Edison | $104.46 | +0.58% | $38.28B | 17.1 | 16.7 | 2.2 | +13.2% |
| Median | 17.5 | 16.7 | 2.2 | +7.0% |