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Relatively High Forward P/E Ratio Detected in Shares of Unitil Corp in the Multi-Utilities Industry (UTL, AEE, WEC, CMS, BKH)

By Shiri Gupta

Below are the three companies in the Multi-Utilities industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Unitil Corp ranks highest with a a forward P/E ratio of 24.64. Ameren Corp is next with a a forward P/E ratio of 22.68. Wec Energy Group ranks third highest with a a forward P/E ratio of 22.26.

Cms Energy Corp follows with a a forward P/E ratio of 22.05, and Black Hills Corp rounds out the top five with a a forward P/E ratio of 21.01.

SmarTrend recommended that subscribers consider buying shares of Black Hills Corp on January 18th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $65.50. Since that recommendation, shares of Black Hills Corp have risen 11.0%. We continue to monitor Black Hills Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio unitil corp ameren corp wec energy group cms energy corp black hills corp

Ticker(s): UTL AEE WEC CMS BKH