5 Value Stocks In The Utilities Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights identifies 5 value stocks in the utilities sector based on low P/E ratios: Altus Power (AMPS), Hawaiian Electric Indus (HE), Enel Chile (ENIC), Pampa Energia (PAM), and OPAL Fuels (OPAL). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their potential undervaluation.
December 13, 2023 | 2:39 pm
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NEUTRAL IMPACT
Altus Power reported a decrease in Q3 EPS to $0.03, down 25% from Q2. With a P/E of 9.74, it's considered a value stock.
While the decrease in EPS could be seen negatively, the low P/E ratio positions AMPS as a value stock, which may balance investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Enel Chile's Q3 EPS rose to $0.14 from $0.1 in Q2, but its dividend yield decreased to 64.82% from 66.37%. The P/E ratio is 3.03.
The EPS increase is positive, but the significant dividend yield decrease may concern investors, despite the low P/E ratio.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
Pampa Energia's Q3 EPS decreased to $2.8 from $3.01 in Q2. The stock has a P/E ratio of 6.24, indicating its value stock status.
The EPS decline might be a negative factor, but the low P/E ratio could keep investor interest as a value stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Indus reported an increase in Q3 EPS to $0.56 from $0.5 in Q2 and a slight dividend yield increase to 3.75%. P/E stands at 7.05.
The increase in EPS and dividend yield, combined with a low P/E ratio, could be seen as positive indicators for short-term stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
OPAL Fuels reported a Q3 EPS of $-0.01, an improvement from $-0.12 in Q2. The P/E ratio is 7.46, suggesting it's undervalued.
Despite the negative EPS, the improvement from Q2 and the low P/E ratio may attract investors looking for undervalued opportunities.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80