Morgan Stanley has reiterated an Overweight rating on PPL Corporation (PPL) and increased its price objective to $42 from $40, citing an increase in price predictions for North American Regulated and Diversified Utilities. PPL Corporation also raised its quarterly common dividend by 4.6% to $0.285 per share and boosted its capital investment plan to $23 billion for 2026-2029, forecasting a 10.3% average annual rate-based growth. The company, which generates, transmits, and distributes electricity across Kentucky, Pennsylvania, and Rhode Island, aims to spend about $5.1 billion on infrastructure in 2026.
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Morgan Stanley Keeps an Overweight Rating on PPL Corporation (PPL)
Morgan Stanley has reiterated an Overweight rating on PPL Corporation (PPL) and increased its price objective to $42 from $40, citing an increase in price predictions for North American Regulated and Diversified Utilities. PPL Corporation also raised its quarterly common dividend by 4.6% to $0.285 per share and boosted its capital investment plan to $23 billion for 2026-2029, forecasting a 10.3% average annual rate-based growth. The company, which generates, transmits, and distributes electricity across Kentucky, Pennsylvania, and Rhode Island, aims to spend about $5.1 billion on infrastructure in 2026.