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:
- Via Renewables VIA - P/E: 8.41
- UGI UGI - P/E: 5.43
- Central Puerto CEPU - P/E: 7.69
- Clearway Energy CWEN - P/E: 7.03
- OGE Energy OGE - P/E: 7.8
Via Renewables has reported Q2 earnings per share at $0.18, which has decreased by 74.29% compared to Q1, which was 0.7. Most recently, the company reported a dividend yield of 12.99%, which has increased by 3.23% from last quarter's yield of 9.76%.
Most recently, UGI reported earnings per share at $0.06, whereas in Q2 earnings per share sat at $1.91. The company's most recent dividend yield sits at 3.35%, which has decreased by 0.71% from 4.06% last quarter.
Central Puerto's earnings per share for Q2 sits at $0.13, whereas in Q1, they were at 0.3. Most recently, Clearway Energy reported earnings per share at $-4.37, whereas in Q1 earnings per share sat at $-0.28. The company's most recent dividend yield sits at 3.84%, which has decreased by 0.67% from 4.51% last quarter.
This quarter, OGE Energy experienced a decrease in earnings per share, which was $1.39 in Q1 and is now $0.36. Most recently, the company reported a dividend yield of 4.25%, which has increased by 0.14% from last quarter's yield of 4.11%.
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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