The Meaning Behind Value Stocks
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.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
- Brookfield Renewable BEPC - P/E: 7.28
- Pampa Energia PAM - P/E: 7.03
- NRG Energy NRG - P/E: 4.11
- Suburban Propane Partners SPH - P/E: 7.16
- OPAL Fuels OPAL - P/E: 4.59
Most recently, Brookfield Renewable reported earnings per share at $-0.25, whereas in Q2 earnings per share sat at $-0.03. Its most recent dividend yield is at 4.16%, which has increased by 0.98% from 3.18% in the previous quarter.
Most recently, Pampa Energia reported earnings per share at $3.23, whereas in Q2 earnings per share sat at $1.2. NRG Energy has reported Q3 earnings per share at $0.29, which has decreased by 86.57% compared to Q2, which was 2.16. The company's most recent dividend yield sits at 3.44%, which has decreased by 0.48% from 3.92% last quarter.
Suburban Propane Partners saw a decrease in earnings per share from -0.04 in Q3 to $-0.86 now. Its most recent dividend yield is at 7.97%, which has decreased by 0.21% from 8.18% in the previous quarter.
OPAL Fuels has reported Q3 earnings per share at $-0.06, which has decreased by 175.0% compared to Q2, which was 0.08.
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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