Overview Of Value Stocks In The Utilities Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights identifies value stocks in the utilities sector based on low P/E ratios. Cia Energetica DE Minas (CIG), Hawaiian Electric Indus (HE), Enel Chile (ENIC), TransAlta (TAC), and Suburban Propane Partners (SPH) are highlighted for their P/E values and recent financial performance, including changes in earnings per share and dividend yields.
December 20, 2023 | 2:39 pm
News sentiment analysis
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NEGATIVE IMPACT
Suburban Propane Partners (SPH) has a P/E of 8.97, with a significant decrease in EPS from -$0.08 to -$0.33 and a decrease in dividend yield.
Despite having a higher P/E ratio compared to others, the significant drop in EPS and reduced dividend yield could negatively impact investor sentiment, likely leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Cia Energetica DE Minas (CIG) has a low P/E of 4.8, with a recent EPS decrease from $0.12 to $0.03.
The low P/E ratio suggests undervaluation, which could attract investors. However, the decrease in EPS might raise concerns about profitability, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Enel Chile (ENIC) has a very low P/E of 3.05, with an increase in EPS from $0.1 to $0.14, despite a decrease in dividend yield.
The extremely low P/E ratio indicates potential undervaluation, and the EPS increase is positive. However, the reduced dividend yield might offset investor enthusiasm, suggesting a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Indus (HE) has a P/E of 7.58, with an EPS increase from $0.5 to $0.56 and a slight dividend yield increase.
The reasonable P/E ratio and positive changes in EPS and dividend yield could be seen as positive indicators, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
TransAlta (TAC) has a P/E of 5.12, with a significant increase in EPS from $0.17 to $1.05, but a slight decrease in dividend yield.
The low P/E ratio and substantial EPS growth are likely to be viewed favorably by investors, which could lead to a short-term price rise, despite the small dip in dividend yield.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80