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What are Value Stocks?
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
Cia Paranaense De Energia (NYSE:ELP) - P/E: 6.26
China Recycling Energy (NASDAQ:CREG) - P/E: 2.84
NRG Energy (NYSE:NRG) - P/E: 2.23
Spark Energy (NASDAQ:SPKE) - P/E: 8.19
Central Puerto (NYSE:CEPU) - P/E: 6.84
Cia Paranaense De Energia's earnings per share for Q3 sits at 0.46, whereas in Q2, they were at 1.09. The company's most recent dividend yield sits at 8.62%, which has increased by 2.36% from 6.26% last quarter.
China Recycling Energy's earnings per share for Q3 sits at -0.25, whereas in Q2, they were at 0.43. China Recycling Energy does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
NRG Energy has reported Q3 earnings per share at 1.1, which has decreased by 13.39% compared to Q2, which was 1.27. Its most recent dividend yield is at 3.62%, which has increased by 0.07% from 3.55% in the previous quarter.
Spark Energy has reported Q3 earnings per share at 0.52, which has decreased by 16.13% compared to Q2, which was 0.62. The company's most recent dividend yield sits at 8.46%, which has decreased by 1.89% from 10.35% last quarter.
Central Puerto has been featured as a value stock. Central Puerto's Q3 EPS sits at 0.02, which has not changed since last quarter (Q2). Central Puerto does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
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