PPL Corporation Monthly Stock Report | January 02, 2026

Company Overview

PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a dominant force in the Utilities sector, specializing in the Regulated Electric industry. Established in 1920, PPL serves approximately 3.5 million customers across the United States through its three main operational segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company's business model centers on delivering electricity across several states, including Pennsylvania, Kentucky, Virginia, and Rhode Island, while also providing natural gas services primarily in Kentucky and Rhode Island.

PPL's robust regulatory framework ensures stable revenue streams, reflecting the essential nature of its services. With total revenues reported at an impressive $8.98 billion, PPL Corporation not only showcases predictable cash flows but also positions itself as a reliable investment choice. The company's steady demand and operational fundamentals underpin a significant presence in the regulated electric space, making it a potentially lucrative option for both institutional and retail investors.

52-Week Price Performance Analysis

52-Week Price Performance Chart

In the past year, PPL's stock has shown an overall bullish trend marked by a series of higher highs and higher lows. Currently priced at $35.02, the stock has experienced a 52-week high of $38.27 and a 52-week low of $31.22. This consistency in upward movement is signified by a steady green trend line that has prevailed from the beginning of last year through recent months.

Key Price Levels

• Support Levels: The stock recently tested a key support level around $32, which has consistently held firm, indicating a strong demand zone. Investors should note that maintaining above this support could be indicative of further price recovery.

• Resistance Levels: PPL faces significant resistance around the $36 mark. Historically, the stock has encountered selling pressure at this point, suggesting that a breakthrough above this price could trigger renewed bullish momentum.

Momentum Insights

Currently, PPL's price stands slightly below its fifty-day moving average of $35.72. This proximity indicates the stock may be undergoing a cooling-off period following a substantial upward rally. Although recent momentum has wavered, the overall trend remains positive. Investors should closely monitor potential breakouts above $36, which could signal an impending rise, while a decline below established support may require a reassessment of the investment's viability.

Financial Performance and Metrics

PPL Corporation's financial health is underscored by robust earnings and profitability metrics:

• Total Revenue: $8.98 billion
• EBITDA: $3.42 billion
• Earnings Per Share (EPS): Reported at $0.43 for Q3 2025, a notable increase from $0.29 in the same period the previous year.
• Annual Earnings Forecast: The company has narrowed its ongoing earnings forecast for 2025 to a range of $1.78 to $1.84 per share.

PPL maintains a commitment to annual growth, projecting 6% to 8% increases in both earnings and dividends through at least 2028. With a total outstanding share count of 739,739,177 and 36,562,922 shares short (approximately 5.67% of its float), the data suggests confidence among investors in PPL's performance.

Valuation Metrics

Analysts have set a target high price for the stock at $45.00, indicating a substantial upside potential from its current valuation. The average target mean price is around $39.93, signaling optimistic sentiment within the analyst community. With a median price of $40.00 and an average recommendation score of approximately 1.81 (where values under 2.0 suggest a strong buy), the bullish outlook reinforces PPL's attractiveness as an investment opportunity.

Recent News and Developments

Significant developments in recent months include PPL's strategic financial initiatives aimed at enhancing its capital structure:

• Forward Sale Agreements: On December 29, 2025, PPL settled forward sale agreements by delivering about 11.3 million shares, resulting in proceeds of approximately $400 million. This initiative is part of a larger plan to meet a $2.5 billion equity requirement through 2028.

• Equity Financing: The company has proposed a private placement of $1 billion in Exchangeable Senior Notes due 2030 to repay short-term debt and support general operational activities.

Additionally, PPL's consistent quarterly dividend of $0.2725 per share, payable on January 2, 2026, reflects its unwavering commitment to returning value to shareholders despite recent market challenges.

Market Sentiment and Analyst Recommendations

The stock's performance over the last six months has witnessed a 2.7% gain, lagging behind the Zacks Utility-Electric Power industry's performance, which rose by 11.9%. Nevertheless, analysts retain a favorable outlook, with price targets ranging from $34 to $42.

With investments in infrastructure and a robust demand for data centers, PPL appears well-positioned for growth, especially as market conditions evolve. Analysts maintain a "buy" recommendation, indicating their confidence in PPL's long-term prospects and investment potential.

Conclusion

In conclusion, PPL Corporation remains a compelling choice for investors seeking stability and growth in the Utilities sector. Its solid revenue performance, consistent dividends, and bullish analyst projections present a well-rounded investment opportunity. However, potential investors should remain vigilant regarding price movements surrounding key support and resistance levels, as well as broader market trends, to navigate risks effectively.

With continued investment in its core areas and a commitment to shareholder returns, PPL is poised to emerge as a valued player in the regulated electric market. For those considering entry, now may be an opportune moment to capitalize on its current undervaluation while keeping an eye on emerging market developments.