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 their low P/E ratios, indicating potential undervaluation. The stocks are Hawaiian Electric Indus (HE), Enel Chile (ENIC), Altus Power (AMPS), Cia Energetica DE Minas (CIG), and Brookfield Renewable (BEPC). The article provides recent earnings per share data and dividend yield changes for these companies, suggesting they may be worth watching by investors.
January 31, 2024 | 2:38 pm
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POSITIVE IMPACT
Enel Chile has an extremely low P/E of 2.74, with a significant increase in EPS from Q2 to Q3, despite a decrease in dividend yield.
The very low P/E ratio and substantial EPS growth are positive signs for investors, but the decrease in dividend yield might be a concern. Overall, the stock may still appeal to value investors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Indus has a low P/E of 7.02, with an increase in EPS from Q2 to Q3 and a slight increase in dividend yield, indicating potential undervaluation.
The low P/E ratio and positive earnings growth, along with a stable dividend yield, could attract investors seeking value, potentially driving the stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Altus Power has a P/E of 9.96 with a slight decrease in EPS from Q2 to Q3, which may indicate a need for further analysis before investment.
The P/E ratio is relatively low, but the decrease in EPS could signal underlying issues. The stock's short-term impact is uncertain without additional context.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Brookfield Renewable has a P/E of 3.25 with a decrease in EPS from Q2 to Q3 but an increase in dividend yield, presenting a mixed picture for investors.
The attractive P/E ratio and higher dividend yield may interest investors, but the decrease in EPS could offset some of the positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Cia Energetica DE Minas has a P/E of 4.75 with a significant decrease in EPS from Q2 to Q3, which may concern investors.
The low P/E ratio is attractive, but the sharp decline in EPS could be a red flag, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80