News articles about Hawaiian Electric Industries (NYSE:HE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.910567323498 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- HEI Reports Third Quarter 2017 Earnings Of $60.1 Million – PR Newswire (press release) (prnewswire.com)
- Hawaiian Electric Industries reports Q3 profit of $60M – Pacific Business News (Honolulu) (bizjournals.com)
- HEI misses 3Q profit forecasts (finance.yahoo.com)
- Edited Transcript of HE earnings conference call or presentation 2-Nov-17 7:00pm GMT (finance.yahoo.com)
Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The business had revenue of $673.19 million during the quarter, compared to analyst estimates of $648.93 million. During the same quarter last year, the business earned $0.58 earnings per share. Hawaiian Electric Industries’s quarterly revenue was up 4.2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 annualized dividend and a yield of 3.42%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 55.11%.
Several research analysts have commented on the stock. J P Morgan Chase & Co raised their price target on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Finally, Bank of America Corporation began coverage on shares of Hawaiian Electric Industries in a report on Tuesday, October 24th. They set an “underperform” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Hawaiian Electric Industries currently has an average rating of “Sell” and an average target price of $32.33.
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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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