John Gregory Cornett, holding the position of president for a subsidiary within PPL Corp, has completed a transaction involving the sale of 7,051 shares of common stock. Executed on June 12, 2026, the sale generated a total value of $250,733. Each share was disposed of at a price point of $35.56.
The transaction was carried out in accordance with a 10b5-1 plan. This specific trading arrangement was originally established on March 12, 2026. Following the completion of this sale, Mr. Cornett maintains a direct ownership stake in PPL Corp common stock, totaling 7,768.93 shares.
In parallel corporate developments, PPL Corporation’s subsidiary, The Narragansett Electric Company, has issued $400 million in senior notes. These notes are scheduled to mature in 2056 and carry an interest rate of 6.000%. The issuance was structured as a private placement directed toward qualified institutional buyers and specific non-U.S. investors.
Regulatory progress was also noted with the Pennsylvania Public Utility Commission approving a settlement related to PPL’s electric rate case. The approval included minor modifications regarding net metering eligibility and was confirmed through a 5-0 vote, indicating strong support for the settlement terms.
Market analysts have responded to these updates with varying price target adjustments. BMO Capital lowered its price target for PPL to $39 while maintaining an Outperform rating. Mizuho reduced its price target to $37 and holds a Neutral rating. Conversely, BTIG reiterated a Buy rating with a $45 price target as the rate case settlement gained traction.
At PPL Corporation’s annual meeting, shareholders elected nine directors and approved an incentive plan. The stock is currently trading at 36.17, reflecting a change of +0.32 or +0.88%. After hours trading shows a price of 36.39, up +0.22 or +0.61%.