Valued at a market cap of $26.9 billion, PPL Corporation (PPL) is a diversified utility holding company that provides electricity and natural gas to millions of customers in the U.S. The Allentown, Pennsylvania-based company’s principal subsidiaries are Louisville Gas and Electric Company (LG&E), Kentucky Utilities Company (KU), and PPL Electric Utilities Corporation.
This utility company has outpaced the broader market over the past 52 weeks. Shares of PPL have rallied 24.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 9.2%. Moreover, on a YTD basis, the stock is up 9.7%, compared to SPX’s 3.7% downtick.
