Media coverage about Hawaiian Electric Industries (NYSE:HE) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.879570733202 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. lowered their price objective on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Finally, UBS assumed coverage on Hawaiian Electric Industries in a research report on Friday, February 2nd. They issued a “sell” rating and a $29.00 price objective on the stock. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.00.
Hawaiian Electric Industries (HE) opened at $33.99 on Tuesday. Hawaiian Electric Industries has a 52-week low of $31.71 and a 52-week high of $38.72. The company has a market capitalization of $3,714.75, a PE ratio of 22.36, a PEG ratio of 2.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.08 and a quick ratio of 0.08.
Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Hawaiian Electric Industries had a return on equity of 8.69% and a net margin of 6.54%. The business had revenue of $658.60 million for the quarter, compared to the consensus estimate of $547.89 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. sell-side analysts predict that Hawaiian Electric Industries will post 1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd were given a $0.31 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.65%. Hawaiian Electric Industries’s dividend payout ratio is currently 81.58%.
In related news, Director Jeffrey N. Watanabe sold 9,300 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $33.18, for a total value of $308,574.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by 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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