PPL is an energy and utility holding company that delivers electricity and natural gas to customers in the U.S. and U.K.
"We believe the spinoff allows for PPL Corp. to be valued as a pure play regulated utility with a group average multiple," Jefferies analysts said.
PPL is planning to increase its U.K. cash repatriation with an estimated $310 million in 2015 and $500 million in 2016 and 2017, according to the analyst note.
Shares of PPL were rising 0.39% to $30.65 in afternoon trading Monday.
Separately, TheStreet Ratings team rates PPL CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PPL CORP (PPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."