Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hawaiian Electric Industries (HE) Stock Price

Media headlines about Hawaiian Electric Industries (NYSE:HE) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hawaiian Electric Industries earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.7016874939138 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities analysts have recently issued reports on the company. UBS assumed coverage on Hawaiian Electric Industries in a report on Friday, February 2nd. They issued a “sell” rating and a $29.00 target price for the company. JPMorgan Chase reduced their target price on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Finally, Zacks Investment Research raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

HE stock opened at $34.18 on Friday. The company has a market capitalization of $3,747.40, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.72 and a beta of 0.35. 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 has a 12-month low of $31.71 and a 12-month high of $38.72.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Wednesday, February 14th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $658.60 million during the quarter, compared to analyst estimates of $547.89 million. Hawaiian Electric Industries had a return on equity of 8.69% and a net margin of 6.54%. Hawaiian Electric Industries’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. analysts anticipate that Hawaiian Electric Industries will post 1.88 earnings per share for the current fiscal year.

In other news, Director Jeffrey N. Watanabe sold 9,300 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.87% 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).

Insider Buying and Selling by Quarter for Hawaiian Electric Industries (NYSE:HE)

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