PPL Corp
PPL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$74.00 | Shbnjp | Mqmmcgr |
Narragansett to Provide Growth Opportunities for PPL
Business Strategy and Outlook
We expect PPL to spend nearly $12 billion at its U.S. utilities through 2026, including its recent acquisition of Narragansett Electric. Through 2030, PPL sees $27 billion in total capital investment opportunities. These regulated utility growth opportunities support our expectations for 6% annual earnings growth, the low end of management's 6%-8% earnings growth target through 2025.