NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $28.75, above its previous 52-week high of $28.73 with 1.3 million shares traded as of 12 p.m. ET. Average volume has been 5.5 million shares over the past 30 days.
PPL has a market cap of $16.5 billion and is part of the
industry. Shares are up 8% year to date as of the close of trading on Tuesday.
PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern U.S. The company has a P/E ratio of 11.4, below the average utilities industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PPL as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
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