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.
The following stocks are considered to be notable value stocks in the utilities sector:
- Brookfield Renewable BEPC - P/E: 3.65
- Clearway Energy CWEN - P/E: 4.9
- Enel Chile ENIC - P/E: 2.97
- Genie Energy GNE - P/E: 6.84
- Pampa Energia PAM - P/E: 6.65
Brookfield Renewable has reported Q1 earnings per share at $-0.09, which has increased by 43.75% compared to Q4, which was -0.16. The company's most recent dividend yield sits at 4.19%, which has decreased by 0.13% from 4.32% last quarter.
Most recently, Clearway Energy reported earnings per share at $0.0, whereas in Q4 earnings per share sat at $0.1. The company's most recent dividend yield sits at 5.09%, which has increased by 0.56% from 4.53% last quarter.
Enel Chile's earnings per share for Q1 sits at $0.13, whereas in Q4, they were at 0.86. Its most recent dividend yield is at 1.41%, which has decreased by 35.63% from 37.04% in the previous quarter.
This quarter, Genie Energy experienced a decrease in earnings per share, which was $0.61 in Q4 and is now $0.54. The company's most recent dividend yield sits at 1.96%, which has decreased by 0.45% from 2.41% last quarter.
This quarter, Pampa Energia experienced an increase in earnings per share, which was $2.05 in Q4 and is now $2.56.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.