Hawaiian Electric Industries, Inc. (NYSE:HE) shares reached a new 52-week high during trading on Friday . The company traded as high as $36.70 and last traded at $0.00, with a volume of shares.
HE has been the subject of a number of research reports. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. J P Morgan Chase & Co increased their target price on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Bank of America Corporation initiated coverage on shares of Hawaiian Electric Industries in a report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 target price for the company. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus price target of $32.33.
The company has a market capitalization of $3,966.34, a price-to-earnings ratio of 22.37, a P/E/G ratio of 5.26 and a beta of 0.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.
Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $673.19 million during the quarter, compared to the consensus estimate of $648.93 million. Hawaiian Electric Industries had a return on equity of 8.67% and a net margin of 7.14%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 22nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 76.07%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Candriam Luxembourg S.C.A. bought a new position in Hawaiian Electric Industries in the 3rd quarter valued at approximately $652,000. Principal Financial Group Inc. raised its holdings in Hawaiian Electric Industries by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 462,963 shares of the utilities provider’s stock valued at $15,449,000 after buying an additional 2,983 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Hawaiian Electric Industries in the 3rd quarter valued at approximately $421,000. Aperio Group LLC raised its holdings in Hawaiian Electric Industries by 31.6% in the 3rd quarter. Aperio Group LLC now owns 170,199 shares of the utilities provider’s stock valued at $5,680,000 after buying an additional 40,880 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Hawaiian Electric Industries in the 3rd quarter valued at approximately $294,000. Institutional investors and hedge funds own 48.17% of the company’s stock.
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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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