Buy This Low-Risk Utility Stock on a Pullback

PPL Corp. is a good candidate for safety and total long-term return

   
Buy This Low-Risk Utility Stock on a Pullback

PPL Corp. (NYSE:PPL) — This 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 United Kingdom.

Earnings estimates for 2013 have been raised to $2.45 versus $2.41 in 2012, and its capital investment program supports an average growth rate of 8% from 2012 through 2016, according to S&P.

The stock is in a broad sideways consolidation with support at $27 to $27.50 and resistance at its 200-day moving average at $28.40. With a dividend yield of over 5% and potential for earnings and dividend increases, it is a good candidate for safety and total long-term return. Try to buy it on a pullback to support at $27 to $27.50.

11 15 12 ppl 300x218 Buy This Low Risk Utility Stock on a Pullback
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chart key 300x84 Buy This Low Risk Utility Stock on a Pullback


Article printed from InvestorPlace Media, http://investorplace.com/2012/11/trade-of-the-day-ppl-corp-nyse-ppl/.

©2014 InvestorPlace Media, LLC

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