What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Below is a list of notable value stocks in the utilities sector:
- OPAL Fuels OPAL - P/E: 5.39
- NRG Energy NRG - P/E: 5.25
- Otter Tail OTTR - P/E: 8.35
- Kenon Hldgs KEN - P/E: 1.31
- UGI UGI - P/E: 7.61
This quarter, OPAL Fuels experienced a decrease in earnings per share, which was $0.08 in Q2 and is now $-0.06. This quarter, NRG Energy experienced a decrease in earnings per share, which was $2.16 in Q2 and is now $0.29. Most recently, the company reported a dividend yield of 3.44%, which has decreased by 0.48% from last quarter's yield of 3.92%.
This quarter, Otter Tail experienced a decrease in earnings per share, which was $2.05 in Q2 and is now $2.01. Its most recent dividend yield is at 2.4%, which has increased by 0.05% from 2.35% in the previous quarter.
Most recently, Kenon Hldgs reported earnings per share at $4.92, whereas in Q1 earnings per share sat at $11.86. Most recently, UGI reported earnings per share at $0.0, whereas in Q3 earnings per share sat at $0.06. The company's most recent dividend yield sits at 3.9%, which has increased by 0.55% from 3.35% 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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.