Relatively High Forward Earnings Yield Detected in Shares of FirstEnergy in the Electric Utilities Industry (FE, ETR, EXC, PPL, OGE)
Below are the three companies in the Electric Utilities industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
FirstEnergy ranks highest with a forward earnings yield of 8.6%. Entergy is next with a forward earnings yield of 7.8%. Exelon ranks third highest with a forward earnings yield of 7.8%.
PPL follows with a forward earnings yield of 6.8%, and OGE Energy rounds out the top five with a forward earnings yield of 6.1%.
SmarTrend recommended that its subscribers protect gains by selling shares of PPL on June 24th, 2016 by issuing a Downtrend alert when the shares were trading at $37.73. Since that call, shares of PPL have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest forward earnings yield firstenergy entergy exelon oge energy