Hawaiian Electric Industries, Inc. (he) To Go Ex-Dividend on February 22nd
Hawaiian Electric Industries, Inc. (NYSE:he) announced a quarterly dividend on Tuesday, February 14th. Shareholders of record on Friday, February 24th will be paid a dividend of 0.31 per share on Friday, March 10th. This represents a $1.24 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Shares of Hawaiian Electric Industries (NYSE:HE) opened at 32.75 on Friday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 14.30 and a beta of 0.31. Hawaiian Electric Industries has a one year low of $28.31 and a one year high of $34.98. The firm has a 50-day moving average price of $33.24 and a 200-day moving average price of $31.07.
Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by $0.01. Hawaiian Electric Industries had a return on equity of 9.64% and a net margin of 10.38%. The company had revenue of $617.40 million for the quarter, compared to the consensus estimate of $705.92 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that Hawaiian Electric Industries will post $1.71 earnings per share for the current fiscal year.
Several equities analysts have recently commented on HE shares. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, November 15th. Barclays PLC increased their price target on shares of Hawaiian Electric Industries from $25.00 to $27.00 and gave the stock a “sell” rating in a research report on Friday, January 20th.
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About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc (HEI) 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 segments include Electric utility, Bank and Other. The Company operates its electric utility business through Hawaiian Electric Company, Inc and its subsidiaries, Hawaii Electric Light Company, Inc and Maui Electric Company, Limited (Maui Electric).
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