I revealed my Early Retirement Fund [ERF] diversification a few weeks ago here. In that article I showed that my portfolio is diversified between 9 sectors and 25 different industries. However, I have yet to invest in a utility company and would like to as long as I can find a good deal.

I ran my monthly stock screen of David Fish's Champions, Contenders, and Challengers database and it outputted a utility company that caught my interest. I usually filter the database by P/E and dividend yield to find stocks that could be high yielding and undervalued. PPL Corp (PPL) passed my filter with a sub 15 P/E and a +3.75% yield and is worth a deeper look.

After running PPL through the "10 Minute System" and taking an additional look at historical ratios, I have determined that PPL is overpriced, which I will explain in depth below.

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