With a market cap of $26.7 billion, PPL Corporation (PPL) is a diversified utility holding company, serving approximately 3.5 million electricity and natural gas customers. Operating through its Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated segments, the company delivers energy across multiple states and generates power primarily in Kentucky.
Shares of the Allentown, Pennsylvania-based company have underperformed the broader market over the past 52 weeks. PPL stock has returned 19.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.1%. However, shares of the company are up 11.9% on a YTD basis, outperforming SPX's 7.9% gain.
