Added to YB: 2024-03-27
Pitch date: 2024-01-12
PPL [bullish]
PPL Corporation
+44.6%
current return
Author Info
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Company Info
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States.
Market Cap
$26.9B
Pitch Price
$25.01
Price Target
34.79 (-4%)
Dividend
3.19%
EV/EBITDA
12.58
P/E
21.88
EV/Sales
4.93
Sector
Electric Utilities
Category
value
Show full summary:
ClearBridge Investments Value Equity Strategy New Position: PPL Corporation
PPL: Utility serving 3.5M in eastern US. Constructive regulation, strong balance sheet, good earnings growth. Bought at 13x earnings after 30% drop from 2023 highs, 30% upside to fair value estimate. Compelling entry for defensive bond proxy.
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