5 Value Stocks To Watch In The Utilities Sector
What are 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:
- Enel Chile (NYSE:ENIC) - P/E: 2.61
- Brookfield Renewable (NYSE:BEPC) - P/E: 3.29
- Hawaiian Electric Indus (NYSE:HE) - P/E: 7.04
- Suburban Propane Partners (NYSE:SPH) - P/E: 9.67
- TransAlta (NYSE:TAC) - P/E: 4.85
This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
This quarter, Brookfield Renewable experienced a decrease in earnings per share, which was $-0.1 in Q2 and is now $-0.14. Most recently, the company reported a dividend yield of 5.42%, which has increased by 0.65% from last quarter's yield of 4.77%.
Hawaiian Electric Indus has reported Q3 earnings per share at $0.56, which has increased by 12.0% compared to Q2, which was 0.5. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Suburban Propane Partners saw a decrease in earnings per share from -0.08 in Q3 to $-0.33 now. Most recently, the company reported a dividend yield of 7.71%, which has decreased by 0.99% from last quarter's yield of 8.7%.
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 2.08%, which has decreased by 0.08% from 2.16% 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.