Utility dividend stocks with low forward P/E ratios originally published at "long-term-investments.blogspot.com". Today I like to proceed with my monthly dividend screen of the cheapest stocks measured by the lowest forward P/E. Utilities are the next ones.
In my screen I observe only shares with a market cap over USD 10 billion and a positive dividend yield. The 20 cheapest utilities have a valuation multiple between 9.2 and 16.96, calculated on expected earnings. Six stocks have a buy or better recommendation.
Here is the full table with some fundamentals:
Take a closer look at the full list. The average P/E ratio amounts to 19.54 and forward P/E ratio is 14.67. The dividend yield has a value of 3.22 percent. Price to book ratio is 1.80 and price to sales ratio 1.64. The operating margin amounts to 18.07 percent and the beta ratio is 0.49. Stocks from the list have an average debt to equity ratio of 1.45.
Related stock ticker symbols:
HNP, AES, ENI, EOC, EIX, ETR, FE, NGG, PPL, PEG, PCG, AEP, NEE, EXC, XEL, DUK, SO, ED, NU, DTE