Hawaiian Electric Industries (HE) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media stories about Hawaiian Electric Industries (NYSE:HE) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing 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 positive one, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.9144148987866 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Hawaiian Electric Industries (NYSE HE) traded down $0.18 during midday trading on Tuesday, hitting $35.16. The company had a trading volume of 909,113 shares, compared to its average volume of 642,217. The stock has a market cap of $3,820.00, a PE ratio of 21.57, a price-to-earnings-growth ratio of 4.50 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.77. Hawaiian Electric Industries has a 52 week low of $31.71 and a 52 week high of $38.72.
Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $673.19 million for the quarter, compared to analysts’ expectations of $648.93 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. sell-side analysts anticipate that Hawaiian Electric Industries will post 1.64 earnings per share for the current fiscal year.
HE has been the topic of several recent analyst reports. Bank of America initiated coverage on Hawaiian Electric Industries in a report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price target on the stock. Zacks Investment Research cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.33.
In related news, Director Thomas B. Fargo sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.46, for a total transaction of $200,530.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.90% of the company’s stock.
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About Hawaiian Electric Industries
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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