PPL Corp (PPL) Quote - XNYS | Morningstar

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Economic Moat

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PPL Continues to Work on Closing Narragansett Acquisition; Reports Q1 Earnings

Senior Equity Analyst Andrew Bischof

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA | May 5, 2022

We are maintaining our $27 fair value estimate for PPL after the company reported first-quarter operating earnings per share of $0.41, up from $0.28 in the year-ago period. The company doesn't provide 2022 earnings guidance, given the uncertainty related to the proposed Narragansett Electric acquisition. Our narrow economic moat and stable moat trend ratings are unchanged.

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PPL Corp's Company Profile

Business Description

PPL is a holding company of regulated utilities in Pennsylvania and Kentucky. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky.

Contact

Two North Ninth Street
Allentown, PA, 18101-1179

T +1 610 774-5151

pplnews@pplweb.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2022

Stock Type Slow Growth

Employees 9,077

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