5 Value Stocks To Watch In The Utilities Sector
Portfolio Pulse from Benzinga Insights
The article highlights five value stocks in the utilities sector with low P/E ratios, indicating potential undervaluation. These stocks include TransAlta, Hawaiian Electric Industries, Genie Energy, Entergy, and Cia Energetica DE Minas, each with recent financial performance data such as earnings per share and dividend yields.
March 06, 2024 | 2:38 pm
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NEUTRAL IMPACT
Entergy reported a significant decrease in EPS but maintains a high dividend yield of 4.56%, with a P/E of 9.19.
Entergy's high dividend yield could compensate for the recent decrease in EPS, making it a potentially stable investment for those looking at value stocks.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Cia Energetica DE Minas has a low P/E of 4.93 with a recent decrease in EPS to $0.03.
The low P/E ratio suggests Cia Energetica DE Minas is undervalued, but the recent EPS decrease indicates potential risks that require careful consideration.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Genie Energy's P/E is 9.64, with an increase in EPS to $0.53 and a dividend yield of 1.61%.
Genie Energy's recent financial improvements and moderate P/E ratio suggest it could be an attractive option for investors seeking value in the utilities sector.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hawaiian Electric Indus has a P/E of 6.42 with a slight increase in dividend yield to 3.75%.
The slight increase in dividend yield and stable P/E ratio indicate Hawaiian Electric Industries may offer steady returns for value-focused investors.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
TransAlta shows a low P/E of 3.97 with a slight decrease in dividend yield. Recent EPS was negative at $-0.2.
TransAlta's low P/E ratio and recent financial performance suggest it may be undervalued, potentially offering a good buying opportunity for investors looking for value in the utilities sector.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90