Published on 22 Mar 2024 on Insider Monkey via Yahoo Finance
What Makes PPL Corporation (PPL) an Attractive Opportunity?
ClearBridge Investments, an investment management company, released its “ClearBridge Value Equity Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy outperformed the Russell 1000 Value Index in the fourth quarter. On an absolute basis, the strategy has gained ten out of eleven sectors in which it was invested during the quarter. The financials and industrials sectors were the leading contributors while the energy sector detracted. Overall stock selection contributed to returns but sector allocation effects detracted on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.
ClearBridge Value Equity Strategy featured stocks like PPL Corporation (NYSE:PPL) in the fourth quarter 2023 investor letter. Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE:PPL) is an energy company. On March 21, 2024, PPL Corporation (NYSE:PPL) stock closed at $27.00 per share. One-month return of PPL Corporation (NYSE:PPL) was 1.44%, and its shares gained 1.51% of their value over the last 52 weeks. PPL Corporation (NYSE:PPL) has a market capitalization of $20.048 billion.
ClearBridge Value Equity Strategy stated the following regarding PPL Corporation (NYSE:PPL) in its fourth quarter 2023 investor letter: