5 Value Stocks To Watch In The Utilities Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified OPAL Fuels, Cia Energetica DE Minas, Enel Chile, Genie Energy, and TransAlta as notable value stocks in the utilities sector based on their low P/E multiples. Recent earnings and dividend yield changes for each company are highlighted, suggesting potential undervaluation and growth prospects.
February 07, 2024 | 2:38 pm
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NEUTRAL IMPACT
Cia Energetica DE Minas has a P/E of 4.76 with a slight decrease in earnings per share from Q2 to Q3.
The decrease in earnings per share might concern investors, but the very low P/E ratio suggests the stock is still undervalued, balancing out potential short term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Enel Chile, with the lowest P/E of 2.7, reported an increase in earnings per share and a high dividend yield, despite a slight decrease.
The combination of the lowest P/E ratio in the group, increased earnings, and a high dividend yield, even with a slight decrease, positions ENIC favorably for short term growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Genie Energy's P/E is 9.75, with an increase in earnings per share and a slight decrease in dividend yield.
The increase in earnings per share and a relatively high P/E ratio suggest a positive outlook for Genie Energy, potentially leading to stock price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
OPAL Fuels is recognized for its low P/E of 6.39 and recent improvement in earnings per share from Q2 to Q3.
The improvement in earnings per share and low P/E ratio indicate a positive outlook for OPAL Fuels, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TransAlta shows significant earnings per share increase from Q2 to Q3 and a stable dividend yield, with a P/E of 4.4.
The substantial increase in earnings per share and low P/E ratio indicate strong growth potential for TransAlta, likely leading to a positive short term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90