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Added to YB: 2024-04-12

Pitch date: 2024-04-10

PPL [bullish]

PPL Corporation

+42.47%

current return

Author Info

No bio for this author

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

$25.39

Price Target

N/A

Dividend

3.19%

EV/EBITDA

12.58

P/E

21.88

EV/Sales

4.93

Sector

Electric Utilities

Category

growth

Show full summary:
ClearBridge Mid Cap Strategy New Position: PPL Corporation

PPL: Resilient utility serving 3.6M in KY, RI, PA. 8% EPS growth in 2023 despite $120M revenue hit from warm winter & storm costs. Strong balance sheet, no equity needs. Positioned to gain from data center & reshoring demand.

Read full article (1 min)