Somewhat Favorable News Coverage Somewhat Unlikely to Affect Hawaiian Electric Industries (HE) Stock Price
News articles about Hawaiian Electric Industries (NYSE:HE) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.4200417207939 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Is Hawaiian Electric Industries, Inc. (HE) a great bet right now? – AllStockNews (allstocknews.com)
- Hawaiian Electric Industries, Inc. (NYSE:HE) and elf Beauty, Inc. (NYSE:ELF) Value Score in Focus – Evergreen Caller (evergreencaller.com)
- Hawaiian Electric Industries Inc (HE) Chaikin Money Flow Above Zero Line – Evergreen Caller (evergreencaller.com)
- Hawaiian Electric Industries Inc (HE) Relative Momentum Indicator Trending Higher – Evergreen Caller (evergreencaller.com)
A number of brokerages recently issued reports on HE. Zacks Investment Research raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub downgraded Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC reissued an “underweight” rating and set a $29.00 price target (up previously from $27.00) on shares of Hawaiian Electric Industries in a research report on Sunday, April 23rd.
Shares of Hawaiian Electric Industries (HE) opened at 33.06 on Friday. The company’s 50-day moving average price is $32.65 and its 200-day moving average price is $33.10. The firm has a market cap of $3.60 billion, a P/E ratio of 14.72 and a beta of 0.46. Hawaiian Electric Industries has a 12 month low of $28.31 and a 12 month high of $34.08.
Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.03. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The business had revenue of $556.90 million during the quarter, compared to analysts’ expectations of $568 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that Hawaiian Electric Industries will post $1.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Wednesday, August 23rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.24 dividend on an annualized basis and a yield of 3.75%. Hawaiian Electric Industries’s dividend payout ratio is 55.11%.
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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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