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A Look Into Utilities Sector Value Stocks

Author: Benzinga Insights | November 08, 2023 10:38am

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:

  1. OPAL Fuels (NASDAQ:OPAL) - P/E: 8.21
  2. Brookfield Renewable (NYSE:BEPC) - P/E: 2.8
  3. Enel Chile (NYSE:ENIC) - P/E: 2.74
  4. Hawaiian Electric Indus (NYSE:HE) - P/E: 6.67
  5. TransAlta (NYSE:TAC) - P/E: 5.08

Most recently, OPAL Fuels reported earnings per share at $-0.12, whereas in Q1 earnings per share sat at $-0.06. Brookfield Renewable's earnings per share for Q3 sits at $-0.14, whereas in Q2, they were at -0.1. Its most recent dividend yield is at 5.42%, which has increased by 0.65% from 4.77% in the previous quarter.

Most recently, Enel Chile reported earnings per share at $0.14, whereas in Q2 earnings per share sat at $0.1. 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%.

Hawaiian Electric Indus has been featured as a value stock. Hawaiian Electric Indus's Q2 EPS sits at $0.5, which has not changed since last quarter (Q1). 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%.

Most recently, TransAlta reported earnings per share at $1.05, whereas in Q2 earnings per share sat at $0.17. Its most recent dividend yield is at 2.16%, which has increased by 0.5% from 1.66% 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.

Posted In: BEPC ENIC HE OPAL TAC

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