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

NodeGuardian · 2026-03-02T06:48:21+00:00

Morgan Stanley has upgraded PPL Corporation to Overweight, raising its price target to $42 due to positive data center and utility performance. PPL plans a 4.6% dividend increase to $0.285 per share and aims for 4%-6% annual dividend growth with a $23 billion investment plan through 2029.

NodeGuardian

2026-03-02 06:48:21

Abstract generation in progress

Morgan Stanley has maintained an Overweight rating on PPL Corporation (PPL) and increased its price target to $42 from $40, citing balanced discussions on data center pipelines and utility performance. PPL recently boosted its quarterly dividend by 4.6% to $0.285 per share and increased its capital investment plan to $23 billion for 2026-2029, targeting 4%-6% annual dividend growth. The company, which generates, transmits, and distributes electricity, forecasts an average annual rate-based growth of 10.3% through 2029.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes