PPL Corporation (PPL) Stock

PPL Corporation (PPL) is a Utilities stock trading at $35.66 (as of 2026-07-09), with a market capitalization of $26.83B and a trailing P/E of 22.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PPL Corporation is a utility holding company that delivers electricity and natural gas in the United States and the United Kingdom. It operates through Kentucky Regulated and Pennsylvania Regulated, serving customers in Kentucky and Pennsylvania and generating and supplying electricity through Kentucky-based operations.

Understand PPL Corporation: how it makes money

PPL Corporation delivers electricity and natural gas to customers in regulated utility service areas in the United States, earning money primarily through regulator-approved distribution and related utility revenues.

PPL is a regulated utility, so its profit model is driven mainly by periodically approved base rate revenue requirements in its regulated jurisdictions (Kentucky Regulated and Pennsylvania Regulated), rather than by selling a high-growth product.

Business quality (Strong): Clear business description and operating metric label are provided, but there is no clean, reportable segment revenue split available in the provided facts.

Valuation: At 23× earnings, PPL trades in line with the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Regulatory revenue resets can support earnings power: Provided facts show multiple rate case actions and revenue requirement changes being requested or approved, which can affect operating revenues in the regulated jurisdictions.
  • Customer base supports utility revenue visibility: The company serves hundreds of thousands of electric and natural gas customers across its service areas, which provides a steady demand base for regulated utility service.

Bear case

  • Regulation timing and outcomes can reduce operating revenues: Because revenues are tied to regulator-approved rate determinations, adverse or delayed regulatory decisions can pressure Operating revenues.
  • Utility returns depend on allowed revenue requirements: If allowed revenue requirements do not keep pace with costs or investment needs, Operating revenues and operating performance can be challenged.
Valuation — source: SEC EDGAR (first-party)
Price$35.66
Market Cap$26.83B
P/E Ratio22.0
EV / EBITDA12.7
Price / Book1.79
Price / Sales2.88
FCF Yield-6.0%
DCF Value (model)$6.39
DCF Upside vs Price-82.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$9.04B
Net Margin13.1%
Revenue Growth (YoY)10.8%
EPS Growth (YoY)7.1%
FCF Growth (YoY)78.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.97 (distress)
Valuation vs Sector & Industry
Stock P/E22.0
Sector P/E (Utilities)21.0
Industry P/E (Utilities)20.8
vs Sector4.6%
vs Industry6.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.16B)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorUtilities
IndustryUtilities
CEOVincent Sorgi
Employees6,653
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • AXIA Energia S.A. (AXIA)
  • DTE Energy Company (DTE)
  • NRG Energy, Inc. (NRG)
  • Edison International (EIX)
  • CenterPoint Energy, Inc. (CNP)
  • Eversource Energy (ES)
  • FirstEnergy Corp. (FE)
  • Fortis Inc. (FTS)
PPL earnings history · PPL institutional & insider holders · PPL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.