PPL Corporation (PPL), headquartered in Allentown, Pennsylvania, focuses on providing electricity and natural gas to approximately 3.60 million customers. Valued at $22.2 billion by market cap, the company generates electricity from power plants as well as markets wholesale and retail energy and natural gas. It also delivers natural gas to customers in Kentucky and Rhode Island and generates electricity from power plants in Kentucky.
Shares of this leading utility company have slightly underperformed the broader market over the past year. PPL has gained 15.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.8%. However, in 2024, PPL’s stock is up 10.9%, surpassing SPX’s 8.7% rise on a YTD basis.
