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:
- Altus Power (NYSE:AMPS) - P/E: 9.74
- Hawaiian Electric Indus (NYSE:HE) - P/E: 7.05
- Enel Chile (NYSE:ENIC) - P/E: 3.03
- Pampa Energia (NYSE:PAM) - P/E: 6.24
- OPAL Fuels (NASDAQ:OPAL) - P/E: 7.46
Altus Power has reported Q3 earnings per share at $0.03, which has decreased by 25.0% compared to Q2, which was 0.04. Hawaiian Electric Indus's earnings per share for Q3 sits at $0.56, whereas in Q2, they were at 0.5. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% 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. Its most recent dividend yield is at 64.82%, which has decreased by 1.55% from 66.37% in the previous quarter.
This quarter, Pampa Energia experienced a decrease in earnings per share, which was $3.01 in Q2 and is now $2.8. OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12.
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.