A Look Into Utilities Sector Value Stocks

Author: Benzinga Insights | January 24, 2024 10:38am

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.

Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:

1. Hawaiian Electric Indus (NYSE:HE) - P/E: 7.06
2. TransAlta (NYSE:TAC) - P/E: 4.69
3. OPAL Fuels (NASDAQ:OPAL) - P/E: 6.53
4. Brookfield Renewable (NYSE:BEPC) - P/E: 3.29
5. Suburban Propane Partners (NYSE:SPH) - P/E: 9.69

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. 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%.

TransAlta has reported Q3 earnings per share at $1.05, which has increased by 517.65% compared to Q2, which was 0.17. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.

OPAL Fuels saw an increase in earnings per share from -0.12 in Q2 to $-0.01 now. Most recently, Brookfield Renewable 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 5.42%, which has increased by 0.65% from last quarter's yield of 4.77%.

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%.

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 HE OPAL SPH TAC