Ariel Investments LLC - Ariel Global Fund on PPL Corporation
Thesis
PPL offers regulated utility exposure with an improving regulatory backdrop and visible earnings growth. Constructive rate-case outcomes in Kentucky and Pennsylvania have improved return visibility. Ariel also sees additional growth through PPL's Blackstone partnership to develop contracted generation assets benefiting from rising power demand.
“we believe PPL offers a compelling and balanced total return opportunity.”
Key risks
- Adverse regulatory outcomes in key jurisdictions