What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
- Hawaiian Electric Indus HE - P/E: 6.0
- Vistra VST - P/E: 9.07
- Enel Chile ENIC - P/E: 2.79
- Brookfield Renewable BEPC - P/E: 5.95
- Genie Energy GNE - P/E: 8.1
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). The company's most recent dividend yield sits at 3.75%, which has increased by 0.01% from 3.74% last quarter.
This quarter, Vistra experienced a decrease in earnings per share, which was $1.71 in Q1 and is now $1.17. Its most recent dividend yield is at 2.95%, which has decreased by 0.58% from 3.53% in the previous quarter.
Enel Chile's earnings per share for Q2 sits at $0.1, whereas in Q1, they were at 0.13. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter.
Brookfield Renewable has reported Q2 earnings per share at $-0.1, which has decreased by 11.11% compared to Q1, which was -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, Genie Energy experienced a decrease in earnings per share, which was $0.54 in Q1 and is now $0.45. Most recently, the company reported a dividend yield of 2.19%, which has increased by 0.23% from last quarter's yield of 1.96%.
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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