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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.
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The following stocks are considered to be notable value stocks in the utilities sector:
- Energy Co of Minas Gerais (NYSE:CIG) - P/E: 7.42
- Genie Energy (NYSE:GNE) - P/E: 6.98
- Smart Powerr (NASDAQ:CREG) - P/E: 2.21
- Kenon Hldgs (NYSE:KEN) - P/E: 3.12
- OGE Energy (NYSE:OGE) - P/E: 8.05
This quarter, Energy Co of Minas Gerais experienced a decrease in earnings per share, which was $0.22 in Q2 and is now $0.05. The company's most recent dividend yield sits at 0.84%, which has decreased by 5.63% from 6.47% last quarter.
Genie Energy's earnings per share for Q1 sits at $0.67, whereas in Q4, they were at 1.12. The company's most recent dividend yield sits at 4.72%, which has decreased by 0.95% from 5.67% last quarter.
This quarter, Smart Powerr experienced an increase in earnings per share, which was $-0.16 in Q2 and is now $-0.08. This quarter, Kenon Hldgs experienced an increase in earnings per share, which was $3.45 in Q3 and is now $7.28. Most recently, OGE Energy reported earnings per share at $1.39, whereas in Q4 earnings per share sat at $0.27. The company's most recent dividend yield sits at 4.56%, which has decreased by 0.22% from 4.78% last quarter.
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.