Several other research analysts have also commented on the company. Guggenheim raised Hawaiian Electric Industries from a sell rating to a neutral rating and set a $41.00 price objective for the company in a report on Thursday, January 20th. Zacks Investment Research lowered Hawaiian Electric Industries from a hold rating to a sell rating and set a $45.00 price objective for the company. in a report on Tuesday, March 8th.
Shares of HE stock opened at $41.99 on Thursday. The company has a market capitalization of $4.60 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 6.04 and a beta of 0.28. Hawaiian Electric Industries has a 52-week low of $37.94 and a 52-week high of $45.53. The business’s fifty day moving average is $42.38 and its 200 day moving average is $41.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.08 and a current ratio of 0.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 20th will be given a $0.35 dividend. The ex-dividend date is Thursday, May 19th. This represents a $1.40 annualized dividend and a yield of 3.33%. Hawaiian Electric Industries’s payout ratio is currently 61.14%.
Several institutional investors have recently made changes to their positions in HE. Covestor Ltd purchased a new stake in Hawaiian Electric Industries in the fourth quarter worth $29,000. Meeder Asset Management Inc. purchased a new stake in Hawaiian Electric Industries in the first quarter worth $29,000. Masso Torrence Wealth Management Inc. purchased a new stake in Hawaiian Electric Industries in the fourth quarter worth $35,000. Bank of New Hampshire purchased a new stake in Hawaiian Electric Industries in the first quarter worth $36,000. Finally, Trust Co. of Vermont purchased a new stake in Hawaiian Electric Industries in the fourth quarter worth $64,000. Institutional investors own 52.08% of the company’s stock.
About Hawaiian Electric Industries (Get Rating)
Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.
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