PPL Corporation (NYSE: PPL) is an energy company that has recently fallen out of favor with investors in the past several months. In an attempt to increase my diversification and exposure to the utilities sector, I stumbled across PPL Corporation, and decided to take a comprehensive look at the company. I was not familiar with the company at all, and as such I had to take a lengthy process to review the company in full detail for the first time. My process started with 1) a review of the company's readily available key metrics related to profitability, growth, financial health, etc., 2) reading and performing my own analysis directly from the financial statements, and 3) reading up on recent earnings, opinions, and other public information. I believe this process allows me to be most objective in my analysis. On the surface, when considering some of the metrics and dividend yield, PPL initially looked undervalued to its peers. After a full review, I still believe this to be the case and just recently started a position at slightly above $33. In this article, I provide my perspective on the company's performance year to date, address investor concerns and risks, and provide the reasoning for my positive outlook.

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