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News

Overview Of Value Stocks In The Utilities Sector

Author: Benzinga Insights | November 15, 2023 10:38am

The Meaning Behind 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.

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

  1. Enel Chile (NYSE:ENIC) - P/E: 2.9
  2. Suburban Propane Partners (NYSE:SPH) - P/E: 8.79
  3. Pampa Energia (NYSE:PAM) - P/E: 3.57
  4. Hawaiian Electric Indus (NYSE:HE) - P/E: 6.37
  5. TransAlta (NYSE:TAC) - P/E: 5.42

Enel Chile has reported Q3 earnings per share at $0.14, which has increased by 40.0% compared to Q2, which was 0.1. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter.

Most recently, Suburban Propane Partners reported earnings per share at $-0.33, whereas in Q3 earnings per share sat at $-0.08. The company's most recent dividend yield sits at 7.71%, which has decreased by 0.99% from 8.7% last quarter.

Pampa Energia has reported Q3 earnings per share at $2.8, which has decreased by 6.98% compared to Q2, which was 3.01. This quarter, Hawaiian Electric Indus experienced an increase in earnings per share, which was $0.5 in Q2 and is now $0.56. Most recently, the company reported a dividend yield of 3.75%, which has increased by 0.01% from last quarter's yield of 3.74%.

TransAlta saw an increase in earnings per share from 0.17 in Q2 to $1.05 now. The company's most recent dividend yield sits at 2.16%, which has increased by 0.5% from 1.66% 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.

Posted In: ENIC HE PAM SPH TAC