Media coverage about Hawaiian Electric Industries (NYSE:HE) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.7454184837732 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts have recently commented on HE shares. J P Morgan Chase & Co raised their target price on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Bank of America began coverage on shares of Hawaiian Electric Industries in a research report on Tuesday, October 24th. They set an “underperform” rating and a $34.00 price target for the company. Zacks Investment Research cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, BidaskClub raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Hawaiian Electric Industries presently has a consensus rating of “Hold” and an average target price of $32.33.
Hawaiian Electric Industries (HE) traded down $0.12 during trading hours on Thursday, reaching $37.55. 494,976 shares of the company’s stock were exchanged, compared to its average volume of 447,071. The company has a market cap of $4,121.90, a price-to-earnings ratio of 23.25, a P/E/G ratio of 5.44 and a beta of 0.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.83 and a current ratio of 0.83. Hawaiian Electric Industries has a 1-year low of $31.03 and a 1-year high of $38.72.
Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $673.19 million for the quarter, compared to the consensus estimate of $648.93 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. sell-side analysts anticipate that Hawaiian Electric Industries will post 1.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 dividend on an annualized basis and a yield of 3.30%. Hawaiian Electric Industries’s dividend payout ratio is currently 76.07%.
In other Hawaiian Electric Industries news, Director Thomas B. Fargo sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total transaction of $200,530.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.
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Hawaiian Electric Industries Company Profile
Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).
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