Hawaiian Electric Industries (HE) Getting Somewhat Positive Media Coverage, Analysis Finds
Media coverage about Hawaiian Electric Industries (NYSE:HE) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hawaiian Electric Industries earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.8937628722397 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Hawaiian Electric Industries (NYSE HE) opened at 33.72 on Friday. Hawaiian Electric Industries has a one year low of $28.31 and a one year high of $34.64. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.01 and a beta of 0.47. The stock has a 50 day moving average price of $33.34 and a 200-day moving average price of $33.15.
Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $556.90 million for the quarter, compared to the consensus estimate of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. Hawaiian Electric Industries’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts expect that Hawaiian Electric Industries will post $1.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 55.11%.
Several research analysts have weighed in on the company. BidaskClub upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 26th.
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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