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Overview Of Value Stocks In The Utilities Sector

Author: Benzinga Insights | May 24, 2023 10:38am

The Meaning Behind Value Stocks

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.

The following stocks are considered to be notable value stocks in the utilities sector:

  1. Clearway Energy (NYSE:CWEN) - P/E: 5.71
  2. Brookfield Renewable (NYSE:BEPC) - P/E: 4.26
  3. Genie Energy (NYSE:GNE) - P/E: 7.64
  4. Kenon Hldgs (NYSE:KEN) - P/E: 4.63
  5. Enel Chile (NYSE:ENIC) - P/E: 2.43

Most recently, Clearway Energy reported earnings per share at $0.0, whereas in Q4 earnings per share sat at $0.1. 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%.

This quarter, Brookfield Renewable experienced an increase in earnings per share, which was $-0.16 in Q4 and is now $-0.09. Most recently, the company reported a dividend yield of 4.19%, which has decreased by 0.13% from last quarter's yield of 4.32%.

Genie Energy's earnings per share for Q1 sits at $0.54, whereas in Q4, they were at 0.61. Most recently, the company reported a dividend yield of 1.96%, which has decreased by 0.45% from last quarter's yield of 2.41%.

Most recently, Kenon Hldgs reported earnings per share at $-15.63, whereas in Q3 earnings per share sat at $4.65. Enel Chile's earnings per share for Q1 sits at $0.13, whereas in Q4, they were at 0.86. Most recently, the company reported a dividend yield of 1.41%, which has decreased by 35.63% from last quarter's yield of 37.04%.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Posted In: BEPC CWEN ENIC GNE KEN

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