What are 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.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
- Pampa Energia PAM - P/E: 7.27
- Kenon Hldgs KEN - P/E: 1.08
- Brookfield Renewable BEPC - P/E: 7.98
- Otter Tail OTTR - P/E: 9.14
- Genie Energy GNE - P/E: 5.29
Pampa Energia's earnings per share for Q3 sits at $3.23, whereas in Q2, they were at 1.2. This quarter, Kenon Hldgs experienced a decrease in earnings per share, which was $4.92 in Q2 and is now $4.65. Brookfield Renewable has reported Q3 earnings per share at $-0.25, which has decreased by 733.33% compared to Q2, which was -0.03. Most recently, the company reported a dividend yield of 4.16%, which has increased by 0.98% from last quarter's yield of 3.18%.
This quarter, Otter Tail experienced a decrease in earnings per share, which was $2.05 in Q2 and is now $2.01. The company's most recent dividend yield sits at 2.4%, which has increased by 0.05% from 2.35% last quarter.
This quarter, Genie Energy experienced a decrease in earnings per share, which was $1.3 in Q2 and is now $0.7. Its most recent dividend yield is at 2.78%, which has decreased by 0.55% from 3.33% in the previous 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.
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