Reading the tape
NYSE: PPL
PPL Corporation
Utilities · Regulated Electric
Market Cap
$28.28B
52w High
$40.11
52w Low
$33.12
P/E
23.56
Volume
11.52M
Outstanding Shares
752.17M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 4.21%Revenue (TTM): 6.85%FCF (TTM): -201.29%P/E: 60th pct
What changed
The stock rose 4.21% over the last year. Revenue grew 6.85% over the trailing twelve months. Operating margin moved from 20.56% to 23.57%. Free cash flow declined 201.29% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 23.57%. A decisive move in revenue — currently up 6.85% — would be the clearest signal to resolve the ambiguity.
Company profile
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom.
CEOVincent Sorgi
SectorUtilities
IndustryRegulated Electric
Employees6,653
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA11.99
Enterprise value$44.18B
Stock splits
Jun 2, 2015↑ Forward
Every 4657 shares became 5000
Aug 25, 2005↑ Forward
Every 1 shares became 2
May 12, 1992↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth2.85%
Gross margin39.05%▼2.61%vs FY2024
Operating margin23.57%▲14.62%vs FY2024
ROE7.94%▲25.81%vs FY2024
Analyst consensus
RatingBuy
Target price$41.57▲10.56%
21
Buy
8
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 8, 2026
Q2 FY26 · EPS est $0.61 · Revenue est $2.51B
View
Dividends
$1.10/shareQuarterly3yr growth streakAt RiskPPL pays a dividend with a 2.93% dividend yield, 3 consecutive years of growth, covered -1.8× by free cash flow.
Dividend Yield
2.93%
Annual Div / Share
$1.10
5yr CAGR
-7.86%
Dividend has been cut
Payout Ratio
67.23%
At Risk
Dividend Growth Rate
3yr CAGR
+6.41%
5yr CAGR
-7.86%
10yr CAGR
-3.08%
Dividend Safety
2/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.10+5.5%
2024$1.04+6.9%
2023$0.98+6.8%
2022$0.92-36.7%
2021$1.45-13.0%
2020$1.66+0.5%
2019$1.65+0.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$29/yr
$2/mo
In 5 yrs
$29/yr
$2/mo
In 10 yrs
$29/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$29/yr $2/mo | $29/yr $2/mo | $29/yr $2/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -1.76× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -7.86% is negative, indicating the payout has been cut over this period.