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:
- Hawaiian Electric Indus (NYSE:HE) - P/E: 6.23
- Via Renewables (NASDAQ:VIA) - P/E: 8.01
- Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.96
- TransAlta (NYSE:TAC) - P/E: 3.74
- Enel Chile (NYSE:ENIC) - P/E: 6.32
This quarter, Hawaiian Electric Indus experienced a decrease in earnings per share, which was $0.56 in Q3 and is now $0.48. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Via Renewables's earnings per share for Q4 sits at $-0.93, whereas in Q3, they were at 1.47. Its most recent dividend yield is at 12.24%, which has decreased by 0.75% from 12.99% in the previous quarter.
Cia Energetica DE Minas has reported Q3 earnings per share at $0.03, which has decreased by 75.0% compared to Q2, which was 0.12. TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Most recently, the company reported a dividend yield of 2.08%, which has decreased by 0.08% from last quarter's yield of 2.16%.
This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last 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.