3 Stocks Pushing The Utilities Sector Lower
2. As of noon trading, PPL ( PPL) is down $0.24 (-0.7%) to $33.88 on light volume. Thus far, 1.7 million shares of PPL exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $33.83-$34.28 after having opened the day at $34.24 as compared to the previous trading day's close of $34.12. PPL Corporation, an energy and utility holding company, generates, transmits, distributes, and sells electricity to wholesale and retail customers in the Pennsylvania, Kentucky, Virginia, Tennessee, and the United Kingdom. The company operates in four segments: Kentucky Regulated, U.K. PPL has a market cap of $21.5 billion and is part of the utilities industry. Shares are up 13.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate PPL a buy, no analysts rate it a sell, and 7 rate it a hold. TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full PPL Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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