On Apr 11, 2013, the shares of
) climbed to its 52-week high of $31.95 driven by its strong
liquidity position, diversified asset portfolio and steady
inorganic growth strategy. The company had reported solid
fourth-quarter results with a positive earnings surprise of
6.52%. Positive earnings surprises were witnessed in all the four
quarters of 2012, with an average beat of 10.71%.
BROOKFIELD INFR (BIP): Free Stock Analysis
ENDESA-CHILE (EOC): Free Stock Analysis
PIKE ELECTRIC (PIKE): Free Stock Analysis
PPL CORP (PPL): Free Stock Analysis Report
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As of Dec 31, 2012, PPL Corp. had $901 million in cash and $4.7
billion available under its domestic credit facilities. This
financial position enables the company to follow steady organic
as well as inorganic growth strategies.
As announced in February, PPL Corp.'s unit PPL Electric Utilities
will invest around $1 billion to upgrade its transmission and
distribution systems. This initiative will help the company to
provide uninterrupted power to roughly 1.4 million customers. In
addition, the company also has a strong project pipeline for this
year, including ventures to minimize duration and size of
PPL Corp. completed a number of acquisitions in 2012, including
AES Ironwood, L.L.C and AES Prescott, L.L.C. These acquisitions
provided an operational control of additional combined-cycle gas
generation, which will subsequently improve its operational and
financial positions by expanding the proportionate size of its
Recently, the board of directors of PPL Corp. increased its
quarterly dividend by 2.1% year over year to 36.75 cents per
share. Including this hike, the company raised its dividend 11
times in the last 12 years. We believe the company's practice of
raising dividends from time to time will benefit the stock as it
attracts investor attention.
PPL Corp. currently has a Zacks Rank #3 (Hold). However, other
stocks from the industry that are presently performing better
Brookfield Infrastructure Partners L.P.
Empresa Nacional de Electricidad S.A.
Pike Electric Corporation
). All the three stocks carry a Zacks Rank #1 (Strong Buy).