Favorable Media Coverage Very Unlikely to Impact Hawaiian Electric Industries (HE) Stock Price

Media coverage about Hawaiian Electric Industries (NYSE:HE) has trended positive this week, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hawaiian Electric Industries earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news articles about the utilities provider an impact score of 20 out of 100, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected AlphaOne’s scoring:

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

Hawaiian Electric Industries (NYSE:HE) traded up 0.24% on Friday, hitting $33.59. 1,009,939 shares of the stock were exchanged. The company has a 50-day moving average price of $33.13 and a 200-day moving average price of $33.13. Hawaiian Electric Industries has a 52-week low of $28.31 and a 52-week high of $34.98. The firm has a market cap of $3.65 billion, a PE ratio of 14.62 and a beta of 0.46.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $591.56 million during the quarter, compared to the consensus estimate of $555.45 million. Hawaiian Electric Industries had a return on equity of 9.35% and a net margin of 10.41%. On average, equities research analysts anticipate that Hawaiian Electric Industries will post $1.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Wednesday, May 24th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.69%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 53.91%.

Several equities research analysts recently weighed in on the stock. Barclays PLC reissued an “underweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of Hawaiian Electric Industries in a report on Sunday, April 23rd. Evercore ISI cut shares of Hawaiian Electric Industries to an “underperform” rating in a report on Monday, March 6th. Finally, Zacks Investment Research cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 26th.

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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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