PPL Corp(PPL)Stock Analysis
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Rank #318 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PPL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for PPL Corp (PPL), a Utilities sector company. 13F Pro's AI-powered ranking engine scores PPL at 70.3/100 on a 32-signal composite quality model, placing it at rank #318 of 2,879 stocks — the top 25% of the AI-ranked universe. PPL scores in the top quartile across earnings quality (97.9), revenue growth (96.1), revenue scale (86.3). Areas of concern include free cash flow (16.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), PPL Corp reports quarterly revenue of $2.8B, net income of $452.0M, free cash flow of $-501.0M. Top institutional holders of PPL by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FRANKLIN RESOURCES, based on the most recent SEC filings. PPL trades on the NYSE exchange and files with the SEC under CIK 922224. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PPL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PPL Corp directly from SEC EDGAR. PPL Corp's 13F Pro composite quality score has ranged between 32 and 71 since 2021, currently 70.3 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
What's Driving PPL's Business? Latest 10-Q Breakdown
AI-extracted from PPL Corp's 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
PPL reported Q1 2026 net income of $452M, up 9% YoY, driven by higher revenues across all segments and favorable regulatory outcomes in Kentucky and Pennsylvania rate cases.
Biggest Revenue Drivers
Total revenue: $2,774M+10.7% YoY
Reconcilable cost recovery mechanisms and ISO-NE transmission rates ROE reduction offset by higher gas volumes and prices.
Largest Expense Items
Higher storm costs and power restoration in PA offset by RIE energy efficiency program expense reductions and IT transformation reclassifications.
Margins: Operating income increased to $745M from $678M YoY (+10%) as revenue growth of 10.7% outpaced expense growth, benefiting from regulatory rate recovery mechanisms and favorable cost pass-through arrangements across utility segments.
Watch Items from the Filing
- RIE segment net income declined 51% to $36M from $70M YoY due to $37M in special items including ISO-NE transmission ROE reduction ($19M) and meter system integration impacts ($9M), indicating regulatory headwinds.
- LG&E and KU filed merger application with KPSC on March 31, 2026, with VSCC filing on April 17, 2026; ultimate approval requires KPSC, VSCC, and FERC sign-off creating execution risk.
- PPL issued $1.15B in Corporate Units in February 2026 with contract adjustment payments at 2.98% annually accreting through interest expense over three-year term; up to 30.9M shares will be issued at maturity.
- RIE recorded $26M liability in Q1 2026 for estimated refunds due to FERC Opinion 594 lowering ISO-NE transmission ROE to 9.57%; NETOs filed rehearing request and Section 205 docket on April 30, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$2.8B
Net Income
Q1 2026
$452.0M
Free Cash Flow
Q1 2026
$-501.0M
ROIC
Q1 2026
2.2%
D/E Ratio
Q1 2026
1.35
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+6.9% YoYNet Income
+33.0% YoYOperating Income
+22.4% YoYEPS (Diluted)
+32.5% YoYTotal Assets
+10.2% YoYTotal Debt
+16.7% YoYOp. Cash Flow
+12.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $9.04B +6.9% | $8.46B +1.8% | $8.31B +5.2% | $7.90B +36.6% | $5.78B +5.6% | $5.47B |
| Net Income | $1.18B +33.0% | $888.0M +20.0% | $740.0M -2.1% | $756.0M +151.1% | $-1.48B -200.7% | $1.47B |
| Operating Income | $2.13B +22.4% | $1.74B +6.7% | $1.63B +18.6% | $1.37B -3.5% | $1.42B -10.2% | $1.59B |
| EPS (Diluted) | $1.59 +32.5% | $1.20 +20.0% | $1.00 -2.0% | $1.02 +152.8% | $-1.93 -201.0% | $1.91 |
| Total Assets | $45.24B +10.2% | $41.07B +4.7% | $39.24B +3.7% | $37.84B +13.9% | $33.22B -31.0% | $48.12B |
| Total Debt | $20.25B +16.7% | $17.36B +11.2% | $15.61B +7.0% | $14.58B +24.8% | $11.68B -31.0% | $16.93B |
| Operating Cash Flow | $2.63B +12.4% | $2.34B +33.1% | $1.76B +1.6% | $1.73B -23.8% | $2.27B -17.3% | $2.75B |
AI Insight: PPL Financial Trends
PPL's operational performance rebounded sharply in Q1 2026, but debt has climbed 48% since mid-2022 amid modest revenue growth.
• Operating income surged to $745M in Q1 2026 from $476M in Q4 2025, reaching highest level since Q1 2025's $678M.
• Net income jumped to $452M in Q1 2026 versus $266M in Q4 2025, strongest quarter in trailing four quarters.
• Total debt increased 48% from $13.6B in Q2 2022 to $20.2B in Q1 2026; leverage rising despite flat revenue trajectory.
⚠ Operating cash flow deteriorated to $557M in Q1 2026 from $966M in Q3 2025—sharp pullback warrants monitoring.
⚠ Debt-to-equity ratio absent since Q1 2025; equity data unavailable limits leverage assessment for past four quarters.
AI Insight: PPL Ratio Trends
PPL's operating margins and ROIC rebounded sharply in Q1 2026 to 26.9% and 14.7%, reversing a two-quarter decline and signaling renewed operational efficiency.
• OpMargin surged from 20.9% in Q4 2025 to 26.9% in Q1 2026, matching the prior-year Q1 peak and reversing recent softness.
• ROIC climbed to 14.7% in Q1 2026 from 9.4% in Q4 2025, the highest since Q1 2025's 15.7%, indicating strong capital deployment recovery.
• NPM expanded to 16.3% in Q1 2026 from 11.7% in Q4 2025, demonstrating improved bottom-line conversion amid seasonal strength.
⚠ Quarterly ROIC volatility persists: ranged 8.7%–15.7% over past 18 months, suggesting lumpy earnings or one-off items masking underlying stability.
⚠ Q2–Q4 2025 saw consistent margin compression (20.1%–25.4% OpMargin), implying seasonal or operational headwinds to monitor ahead.
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Available Research
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Top Institutional Holders of PPL
BlackRock, Inc.
$2.4B63,224,715 shVANGUARD CAPITAL MANAGEMENT LLC
$1.8B47,198,638 shFRANKLIN RESOURCES INC
$1.7B43,836,112 shSTATE STREET CORP
$1.5B39,415,824 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.4B36,611,971 shInvesco Ltd.
$1.1B28,920,155 shWELLINGTON MANAGEMENT GROUP LLP
$936.3M24,509,301 shGEODE CAPITAL MANAGEMENT, LLC
$737.0M19,367,328 shMORGAN STANLEY
$648.0M16,964,450 shBANK OF AMERICA CORP /DE/
$550.3M14,406,338 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $2.4B | 63,224,715 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.8B | 47,198,638 |
| FRANKLIN RESOURCES INC | $1.7B | 43,836,112 |
| STATE STREET CORP | $1.5B | 39,415,824 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.4B | 36,611,971 |
| Invesco Ltd. | $1.1B | 28,920,155 |
| WELLINGTON MANAGEMENT GROUP LLP | $936.3M | 24,509,301 |
| GEODE CAPITAL MANAGEMENT, LLC | $737.0M | 19,367,328 |
| MORGAN STANLEY | $648.0M | 16,964,450 |
| BANK OF AMERICA CORP /DE/ | $550.3M | 14,406,338 |
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Popular Research
Is PPL a good stock to buy?
13F Pro's AI-powered analysis of PPL Corp (PPL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PPL are available on the PPL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PPL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PPL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PPL Corp's investment landscape.