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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend
PPL Corporation reported a 17% year-over-year increase in Q2 operating income to $475 million, driving a 20% rise in EPS. The company is positioned for sustained growth through 2029 with a $23 billion investment outlook supporting 10.3% annual rate-base growth and 6-8% EPS growth, bolstered by significant data center demand in Pennsylvania (31.8 GW) and Kentucky (13.7 GW). PPL's debt-to-capital ratio of 57.46% is lower than the industry average, strengthening its financial capacity.
Morgan Stanley analyst David Arcaro maintains FirstEnergy (NYSE:FE) with a Overweight and lowers the price target from $53 to $52.