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.
Below is a list of notable value stocks in the utilities sector:
- Kenon Hldgs (NYSE:KEN) - P/E: 1.14
- NRG Energy (NYSE:NRG) - P/E: 4.04
- OPAL Fuels (NASDAQ:OPAL) - P/E: 4.66
- Brookfield Renewable (NYSE:BEPC) - P/E: 7.0
- Suburban Propane Partners (NYSE:SPH) - P/E: 7.12
Kenon Hldgs saw a decrease in earnings per share from 4.92 in Q2 to $4.65 now. NRG Energy's earnings per share for Q3 sits at $0.29, whereas in Q2, they were at 2.16. The company's most recent dividend yield sits at 3.44%, which has decreased by 0.48% from 3.92% last quarter.
OPAL Fuels saw a decrease in earnings per share from 0.08 in Q2 to $-0.06 now. This quarter, Brookfield Renewable experienced a decrease in earnings per share, which was $-0.03 in Q2 and is now $-0.25. 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%.
Suburban Propane Partners has reported Q4 earnings per share at $-0.86, which has decreased by 2050.0% compared to Q3, which was -0.04. Most recently, the company reported a dividend yield of 7.97%, which has decreased by 0.21% from last quarter's yield of 8.18%.
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.