PPL Corp

PPL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.00	Bntjds	Cndglzgt

PPL Narrows Full-Year Guidance; Reports Solid Earnings

Andrew Bischof

Nov 4, 2022

We are maintaining our $27 per share fair value estimate for PPL after the company reported third-quarter operating earnings of $0.41, up from $0.36 per share in the same year-ago period. The company narrowed 2022 earnings guidance to $1.35-$1.45 per share from $1.30-$1.45. Management also reaffirmed its 6%-8% long-term annual earnings and dividend growth expectations. Our narrow economic moat and stable moat trend remain unchanged.

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