Headlines about Hawaiian Electric Industries (NYSE:HE) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 47.8351917221304 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.
Hawaiian Electric Industries (NYSE:HE) traded up $0.36 on Friday, reaching $34.13. The company had a trading volume of 699,716 shares, compared to its average volume of 437,575. The company has a market cap of $3,675.57, a P/E ratio of 22.45, a PEG ratio of 2.67 and a beta of 0.39. Hawaiian Electric Industries has a twelve month low of $31.71 and a twelve month high of $38.72. 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 released its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business had revenue of $658.60 million during the quarter, compared to the consensus estimate of $547.89 million. Hawaiian Electric Industries had a return on equity of 8.69% and a net margin of 6.54%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. sell-side analysts predict that Hawaiian Electric Industries will post 1.88 EPS for the current year.
Several brokerages have recently commented on HE. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. reduced their target price on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Finally, UBS began coverage on Hawaiian Electric Industries in a research note on Friday, February 2nd. They issued a “sell” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.00.
In related news, Director Jeffrey N. Watanabe sold 9,300 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.
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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