PPL Stock Hits New 52-Week High (PPL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- PPL (NYSE: PPL) hit a new 52-week high Thursday as it is currently trading at $30.19, above its previous 52-week high of $30.18 with 2.2 million shares traded as of 1:45 p.m. ET. Average volume has been 3.8 million shares over the past 30 days.

PPL has a market cap of $17.22 billion and is part of the utilities sector and utilities industry. Shares are up 4.3% year to date as of the close of trading on Wednesday.

PPL Corporation, an energy and utility holding company, engages in the generation, transmission, distribution, and sale of electricity to wholesale and retail customers in the United States and the United Kingdom. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, 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 sub par growth in net income. You can view the full PPL Ratings Report.

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