Professional
Added to YB: 2024-04-12
Pitch date: 2024-04-10
PPL [bullish]
PPL Corporation
+32.89%
current return
Author Info
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Company Info
PPL Corporation provides electricity and natural gas to approximately 3.5 million customers in the United States.
Market Cap
$27.0B
Pitch Price
$25.58
Price Target
N/A
Dividend
2.99%
EV/EBITDA
13.01
P/E
24.81
EV/Sales
5.00
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.
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