With a market cap of $24.7 billion, PPL Corporation (PPL) is a U.S.-based diversified utility holding company, serving approximately 3.5 million electricity and natural gas customers. The company operates through three segments: Kentucky Regulated; Pennsylvania Regulated; and Rhode Island Regulated, delivering electricity and gas across multiple states and generating power primarily in Kentucky.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and PPL fits this criterion perfectly. Its principal subsidiaries include Louisville Gas and Electric Company, Kentucky Utilities Company, and PPL Electric Utilities Corporation.
Shares of the Allentown, Pennsylvania-based company have declined 8.9% from its 52-week high of $36.70. Over the past three months, its shares have decreased 4.8%, underperforming the broader Dow Jones Industrials Average’s ($DOWI) marginal rise during the same period.
Longer term, PPL stock is up 3.1% on a YTD basis, outperforming DOWI’s marginal decline. Moreover, shares of PPL have returned 19.9% over the past 52 weeks, compared to DOWI’s 8.9% increase over the same time frame.
The stock has been in a bullish trend, consistently trading above its 200-day moving average since last year. However, it has fallen below its 50-day moving average since early May.
Shares of PPL Corporation recovered marginally on Apr. 30 after the company reported better-than-expected Q1 2025 adjusted EPS of $0.60 and revenue of $2.5 billion, driven by favorable weather and higher transmission supply rates in Pennsylvania and Kentucky. Additionally, investor sentiment was boosted by news of nearly 11 GW of data-center projects in advanced planning stages in Pennsylvania and expected capital investments of $700 million to $850 million to support grid connections, signaling strong future demand despite a broader AI spending pullback.
PPL stock has outperformed its rival, NextEra Energy, Inc. (NEE). LIN stock has returned marginal YTD and 2.5% over the past 52 weeks.
Despite the stock’s outperformance, analysts remain cautiously optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from 15 analysts in coverage, and as of writing, PPL is trading below the mean price target of $38.33.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
