PPL Corp

PPL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$49.00	Jdfbbn	Vpdvcpqsq

PPL Reports Solid Second-Quarter Results, Sees Significant Opportunity for Cost Efficiencies

Andrew Bischof

Aug 3, 2022

We are maintaining our $27 fair value estimate for PPL after the company reported second-quarter operating earnings per share of $0.30, up from $0.19 in the year-ago period. The company reaffirmed its 2022 EPS guidance of $1.30-$1.45 and long-term annual earnings and dividend growth expectations of 6%-8%. Both are consistent with our expectations. Our narrow economic moat and stable moat trend ratings are unchanged.

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