What are 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.
Below is a list of notable value stocks in the utilities sector:
- Brookfield Renewable BEPC - P/E: 5.49
- Enel Chile ENIC - P/E: 2.64
- Hawaiian Electric Indus HE - P/E: 5.68
- Public Service Enterprise PEG - P/E: 9.99
- Pampa Energia PAM - P/E: 3.37
Brookfield Renewable's earnings per share for Q2 sits at $-0.1, whereas in Q1, they were at -0.09. Its most recent dividend yield is at 4.77%, which has increased by 0.58% from 4.19% in the previous quarter.
This quarter, Enel Chile experienced a decrease in earnings per share, which was $0.13 in Q1 and is now $0.1. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter.
Hawaiian Electric Indus has been featured as a value stock. Hawaiian Electric Indus's Q2 EPS sits at $0.5, which has not changed since last quarter (Q1). Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Public Service Enterprise saw a decrease in earnings per share from 1.39 in Q1 to $0.7 now. Its most recent dividend yield is at 3.57%, which has decreased by 0.01% from 3.58% in the previous quarter.
This quarter, Pampa Energia experienced an increase in earnings per share, which was $2.56 in Q1 and is now $3.01.
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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