5 Value Stocks To Watch In The Utilities Sector

Author: Benzinga Insights | February 07, 2024 10:38am

The Meaning Behind 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:

1. OPAL Fuels (NASDAQ:OPAL) - P/E: 6.39
2. Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.76
3. Enel Chile (NYSE:ENIC) - P/E: 2.7
4. Genie Energy (NYSE:GNE) - P/E: 9.75
5. TransAlta (NYSE:TAC) - P/E: 4.4

OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. Most recently, Cia Energetica DE Minas reported earnings per share at $0.03, whereas in Q2 earnings per share sat at $0.12. Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. 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%.

Genie Energy saw an increase in earnings per share from 0.45 in Q2 to $0.53 now. Most recently, the company reported a dividend yield of 1.48%, which has decreased by 0.71% from last quarter's yield of 2.19%.

This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% 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: CIG ENIC GNE OPAL TAC