What Defines 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.
Below is a list of notable value stocks in the utilities sector:
- Clearway Energy CWEN - P/E: 5.92
- Genie Energy GNE - P/E: 7.92
- Fusion Fuel Green HTOO - P/E: 2.45
- Kenon Hldgs KEN - P/E: 5.11
- Enel Chile ENIC - P/E: 2.48
This quarter, Clearway Energy experienced a decrease in earnings per share, which was $0.1 in Q4 and is now $0.0. Most recently, the company reported a dividend yield of 5.09%, which has increased by 0.56% from last quarter's yield of 4.53%.
Genie Energy has reported Q1 earnings per share at $0.54, which has decreased by 11.48% compared to Q4, which was 0.61. The company's most recent dividend yield sits at 1.96%, which has decreased by 0.45% from 2.41% last quarter.
Most recently, Fusion Fuel Green reported earnings per share at $-0.83, whereas in Q3 earnings per share sat at $-0.26. This quarter, Kenon Hldgs experienced a decrease in earnings per share, which was $4.65 in Q3 and is now $-15.63. Enel Chile saw an increase in earnings per share from 0.08 in Q3 to $0.86 now. The company's most recent dividend yield sits at 1.41%, which has decreased by 35.63% from 37.04% 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.