What is a Value Stock?
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
The following stocks are considered to be notable value stocks in the utilities sector:
- NRG Energy NRG - P/E: 5.44
- Genie Energy GNE - P/E: 4.33
- Suburban Propane Partners SPH - P/E: 7.29
- Central Puerto CEPU - P/E: 8.63
- Otter Tail OTTR - P/E: 7.89
NRG Energy's earnings per share for Q3 sits at $0.29, whereas in Q2, they were at 2.16. The company's most recent dividend yield sits at 3.44%, which has decreased by 0.48% from 3.92% last quarter.
Genie Energy's earnings per share for Q3 sits at $0.7, whereas in Q2, they were at 1.3. The company's most recent dividend yield sits at 2.78%, which has decreased by 0.55% from 3.33% last quarter.
Suburban Propane Partners has reported Q4 earnings per share at $-0.86, which has decreased by 2050.0% compared to Q3, which was -0.04. The company's most recent dividend yield sits at 7.97%, which has decreased by 0.21% from 8.18% last quarter.
Most recently, Central Puerto reported earnings per share at $0.22, whereas in Q2 earnings per share sat at $0.13. This quarter, Otter Tail experienced a decrease in earnings per share, which was $2.05 in Q2 and is now $2.01. The company's most recent dividend yield sits at 2.4%, which has increased by 0.05% from 2.35% last quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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