TMCnet News
Shares of Entergy Rank the Lowest in Terms of P/E Ratio in the Electric Utilities Industry (ETR, FE, EIX, PPL, IDA)May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Electric Utilities industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Entergy ranks lowest with a a P/E ratio of 10.49. FirstEnergy is next with a a P/E ratio of 13.28. Edison International ranks third lowest with a a P/E ratio of 13.69. PPL follows with a a P/E ratio of 13.71, and IDACORP rounds out the bottom five with a a P/E ratio of 13.94. SmarTrend recommended that subscribers consider buying shares of IDACORP on December 5th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $42.84. Since that recommendation, shares of IDACORP have risen 15.5%. We continue to monitor IDACORP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
