Morgan Stanley Keeps an Overweight Rating on PPL Corporation (PPL)

PPL Corporation (NYSE:PPL) is among the 15 Best Electric Utility Stocks to Invest In Now.

PPL Corporation (NYSE:PPL) is among the Best Utility Stocks.

On February 20, 2026, Morgan Stanley analyst David Arcaro boosted PPL Corporation (NYSE:PPL)'s price objective to $42 from $40, maintaining an Overweight rating. The firm increased its price predictions for North American Regulated and Diversified Utilities and IPPs. Morgan Stanley noted that utilities underperformed the S&P in January. Morgan Stanley's Q4 earnings preview anticipates balanced discussions about data center pipelines, taking into account affordability and political factors.

On February 20, 2026, PPL Corporation (NYSE:PPL) increased its quarterly common dividend by 4.6% to $0.285 per share from $0.2725. The company's modified business plan now targets 4%-6% annual dividend growth. The dividend will be paid on April 1 to shareholders of record on March 10.

On February 20, 2026, PPL Corporation (NYSE:PPL) boosted its capital investment plan to $23 billion for 2026-2029 from $20 billion for 2025-2028. The company forecasts an average annual rate-based growth of 10.3% through 2029. The corporation aims to spend around $5.1 billion on infrastructure in 2026, excluding partnership contributions.

PPL Corporation (NYSE:PPL) generates, transmits, and distributes electricity. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.

While we acknowledge the potential of PPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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