PPL stock holds after Q2 earnings miss and JPMorgan trims target
Published on 08/19/2026 at 19:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
PPL Corporation (US69351T1060) is holding after a second-quarter miss, with JPMorgan adjusting its target to $44 from $45 and the stock closing at $35.62 on August 18, 2026.
Q2 numbers still matter
The latest results showed earnings per share of $0.33 versus $0.34 expected, while revenue came in at $2.11 billion against $2.19 billion expected. The company also reaffirmed full-year guidance of $1.90 to $1.98, a range that now frames the next stretch for utility investors.
That guidance sits against a recent market cap of $26.3 billion and a 52-week range of $33.17 to $40.11, which keeps the stock close to the lower half of that band as of August 19, 2026.
What the market is weighing
Analysts still show a constructive view, with 10 Buy ratings and three Holds producing a Moderate Buy consensus and an average target of $41.42. That leaves the JPMorgan cut as a narrower signal than a full reset, even after the Q2 revenue and EPS shortfall.
The comparison is simple: the current market price of $35.62 is still below the $41.42 average target and the newly stated $44 target, but the gap is smaller than it was before the target was trimmed.
Go deeper
More on PPL Corporation's regulated utility base: the company serves electricity and natural gas customers in the U.S. through a portfolio centered on regulated operations. The appeal for income investors remains tied to predictable cash generation, rate-base growth and the pace of demand from large load additions.
Price check
PPL stock closed at $35.62 on August 18, 2026, down 0.92% on the session, with volume at 19.4 million shares and a market cap of $26.3 billion.
Fact box
Company: PPL Corporation
ISIN: US69351T1060
Ticker: PPL
Exchange: NYSE
Price (as of August 18, 2026, 4:00 p.m. ET): $35.62 USD
Market cap: $26.3 billion (as of August 19, 2026)
Sector / Industry: Utilities / Electric Utilities
Index membership: S&P 500
