5 Value Stocks In The Utilities Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the utilities sector based on their low P/E ratios, indicating potential undervaluation. The stocks are Suburban Propane Partners (SPH), OPAL Fuels (OPAL), TransAlta (TAC), Hawaiian Electric Industries (HE), and Enel Chile (ENIC). The article provides recent financial metrics for these companies, including changes in earnings per share (EPS) and dividend yields.
January 10, 2024 | 2:38 pm
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NEUTRAL IMPACT
Enel Chile has a P/E of 2.73, with an EPS of $0.14 in Q3 and a dividend yield of 64.82%, which decreased from 66.37% last quarter.
ENIC's extremely low P/E ratio and high dividend yield are attractive, but the decrease in yield may raise concerns, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Suburban Propane Partners has a P/E of 9.18, with a recent EPS of $-0.33 and a dividend yield of 7.71%, which decreased from 8.7% last quarter.
While SPH's low P/E ratio suggests undervaluation, the decrease in dividend yield and negative EPS may temper investor enthusiasm in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Industries has a P/E of 7.92, with an EPS increase to $0.56 in Q3 and a slight dividend yield increase to 3.75%.
HE's EPS growth and slight dividend yield increase, coupled with a low P/E ratio, may positively influence the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
OPAL Fuels has a P/E of 6.95, with an increase in EPS from -0.12 in Q2 to $-0.01 now.
OPAL's low P/E ratio and improved EPS could attract investors looking for undervalued stocks, potentially driving up the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
TransAlta's P/E is 4.95, with an EPS increase from $0.17 in Q2 to $1.05 now, and a slight decrease in dividend yield to 2.08%.
TAC's significant EPS increase and low P/E ratio are positive indicators for value investors, which could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80