15 Best Electric Utility Stocks to Invest In Now

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12. PPL Corporation (NYSE:PPL)

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.

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