PPL Corporation (PPL), based in Allentown, Pennsylvania, serves around 3.60 million customers with electricity and natural gas. With a market capitalization of $24.5 billion, the company operates power plants, supplies wholesale and retail energy, and distributes natural gas in Kentucky and Rhode Island. Additionally, PPL generates electricity from its facilities in Kentucky.
Shares of this leading utility company have slightly outperformed the broader market over the past year. PPL has gained 30.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.4%. In 2024, PPL’s stock is up 24.4%, surpassing SPX’s 23.1% rise on a YTD basis.
