A Look Into Utilities Sector Value Stocks
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified several value stocks in the utilities sector based on low P/E ratios. These include OPAL Fuels (OPAL), Cia Energetica DE Minas (CIG), Brookfield Renewable (BEPC), Enel Chile (ENIC), and Suburban Propane Partners (SPH). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, noting that value stocks may take time to rebound and carry the risk of not doing so.
December 27, 2023 | 2:38 pm
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POSITIVE IMPACT
OPAL Fuels has a low P/E of 7.13 and showed an improvement in EPS from Q2 to Q3, moving from $-0.12 to $-0.01.
The improvement in EPS could be seen positively by investors, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Brookfield Renewable has a very low P/E of 3.38, with a decrease in EPS from Q2 to Q3 and a recent increase in dividend yield to 5.42%.
The low P/E ratio and increased dividend yield may balance out the negative impact of the decreased EPS, leading to a neutral short-term price impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Enel Chile reported an increase in Q3 EPS to $0.14, up 40% from Q2, but saw a decrease in dividend yield to 64.82%.
The significant increase in EPS could attract investors, but the decrease in dividend yield might offset the positive impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cia Energetica DE Minas has a P/E of 4.7 with a decrease in EPS from $0.12 in Q2 to $0.03 in Q3.
The decrease in EPS could be viewed negatively by investors, potentially leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Suburban Propane Partners has a P/E of 9.54, reported a decrease in EPS from Q2 to Q3, and a dividend yield decrease to 7.71%.
The decrease in both EPS and dividend yield could be seen as negative indicators, likely leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80