5 Value Stocks To Watch In The Utilities Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the utilities sector based on low P/E ratios and recent financial performance. Enel Chile (ENIC) and TransAlta (TAC) reported increases in EPS, while Brookfield Renewable (BEPC) and Suburban Propane Partners (SPH) saw decreases. Hawaiian Electric Indus (HE) reported an increase in EPS. Dividend yields varied, with ENIC's and SPH's decreasing, BEPC's and HE's increasing, and TAC's slightly decreasing.
January 17, 2024 | 2:38 pm
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NEGATIVE IMPACT
Suburban Propane Partners saw a decrease in EPS from -0.08 to $-0.33 and a decrease in dividend yield from 8.7% to 7.71%.
Both the decrease in EPS and dividend yield are negative developments that could lead to a short-term decline in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Brookfield Renewable experienced a decrease in EPS from $-0.1 to $-0.14 but reported an increase in dividend yield from 4.77% to 5.42%.
The decrease in EPS is negative, but the increase in dividend yield could attract income investors, resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Enel Chile reported an increase in EPS from $0.1 to $0.14 and a decrease in dividend yield from 66.37% to 64.82%.
The increase in EPS is positive, but the high dividend yield decrease may concern investors seeking stable income, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Indus reported an increase in EPS from $0.5 to $0.56 and a slight increase in dividend yield from 3.74% to 3.75%.
The growth in EPS and slight increase in dividend yield are positive indicators that could lead to a short-term uptick in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TransAlta reported an increase in EPS from $0.17 to $1.05 and a slight decrease in dividend yield from 2.16% to 2.08%.
The substantial increase in EPS is a strong positive sign, although the slight decrease in dividend yield is unlikely to have a significant impact, suggesting a potential short-term rise in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80