Understanding 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.
The following stocks are considered to be notable value stocks in the utilities sector:
- Suburban Propane Partners SPH - P/E: 7.39
- UGI UGI - P/E: 8.15
- Pampa Energia PAM - P/E: 7.37
- Kenon Hldgs KEN - P/E: 1.18
- Clearway Energy CWEN - P/E: 7.14
Suburban Propane Partners's earnings per share for Q4 sits at $-0.86, whereas in Q3, they were at -0.04. Its most recent dividend yield is at 7.97%, which has decreased by 0.21% from 8.18% in the previous quarter.
UGI's earnings per share for Q4 sits at $0.0, whereas in Q3, they were at 0.06. Its most recent dividend yield is at 3.9%, which has increased by 0.55% from 3.35% in the previous quarter.
This quarter, Pampa Energia experienced an increase in earnings per share, which was $1.2 in Q2 and is now $3.23. Most recently, Kenon Hldgs reported earnings per share at $4.65, whereas in Q2 earnings per share sat at $4.92. This quarter, Clearway Energy experienced an increase in earnings per share, which was $-4.37 in Q2 and is now $0.28. The company's most recent dividend yield sits at 4.19%, which has increased by 0.35% from 3.84% 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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