PPL’s (PPL) dividend yield is 5.2%, one of the highest among utilities, and its forward PE multiple is 12.7x. Its five-year historical average is 14x, lower than broader utilities’ average valuation of 16x–17x. PPL expects its EPS to grow 5% annually for the next few years, in line with the industry average.
Dominion Energy (D) stock is attractive compared with peers. Its forward PE multiple is 16.6x, and its five-year historical average is 24x. The company’s earnings are expected to rise ~4% this year, in line with many of its peers’.