PPL shares fall nearly 4% after In-Line Q4 EPS, $23B Capital Plan announcement

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PPL Corp. (NYSE: PPL) reported in-line Q4 earnings of $0.41 per share, though revenue missed estimates at $2.27 billion. Despite unveiling a $23 billion capital plan through 2029 and raising its dividend by 4.6%, the company’s shares fell nearly 4% in pre-market trading. PPL also reaffirmed its EPS growth target of 6% to 8% through at least 2029, investing in infrastructure and grid modernization.

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