Hawaiian Electric Industries, Inc. (NYSE:HE) to Issue $0.32 Dividend

Hawaiian Electric Industries, Inc. (NYSE:HE) declared a dividend on Friday, November 1st, Fidelity reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.32 per share by the utilities provider on Tuesday, December 10th. The ex-dividend date of this dividend is Thursday, November 21st.

Shares of HE traded up $0.11 during mid-day trading on Tuesday, reaching $43.90. The company’s stock had a trading volume of 8,279 shares, compared to its average volume of 401,892. Hawaiian Electric Industries has a 12-month low of $35.06 and a 12-month high of $45.96. The stock has a market cap of $4.75 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 5.49 and a beta of 0.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50 day moving average is $44.68 and its 200 day moving average is $43.88.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Hawaiian Electric Industries had a return on equity of 9.23% and a net margin of 6.98%. The business had revenue of $771.54 million for the quarter, compared to the consensus estimate of $814.36 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that Hawaiian Electric Industries will post 1.88 EPS for the current fiscal year.

A number of analysts recently issued reports on HE shares. JPMorgan Chase & Co. cut Hawaiian Electric Industries from a “neutral” rating to an “underweight” rating and upped their target price for the company from $37.00 to $38.00 in a research report on Friday, August 9th. UBS Group upped their target price on Hawaiian Electric Industries from $35.00 to $37.00 and gave the company a “sell” rating in a research report on Friday, September 13th. Zacks Investment Research raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research report on Wednesday, October 9th. Finally, ValuEngine cut Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

In related news, Director Micah A. Kane sold 2,800 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $44.60, for a total value of $124,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by corporate insiders.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.

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Dividend History for Hawaiian Electric Industries (NYSE:HE)

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