NYSE:HEHawaiian Electric Industries Stock Price, Forecast & News

Hawaiian Electric Industries' stock was trading at $42.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HE shares have decreased by 4.8% and is now trading at $40.00. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Hawaiian Electric Industries.

Hawaiian Electric Industries is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Hawaiian Electric Industries.

Hawaiian Electric Industries, Inc. (NYSE:HE) announced its quarterly earnings results on Thursday, February, 13th. The utilities provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.10. The utilities provider earned $725.97 million during the quarter, compared to analysts' expectations of $758.90 million. Hawaiian Electric Industries had a return on equity of 9.86% and a net margin of 7.65%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. View Hawaiian Electric Industries' earnings history.

Hawaiian Electric Industries declared a quarterly dividend on Friday, February 14th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.33 per share on Tuesday, March 10th. This represents a $1.32 annualized dividend and a yield of 3.30%. The ex-dividend date is Tuesday, February 25th. This is a positive change from Hawaiian Electric Industries's previous quarterly dividend of $0.32. View Hawaiian Electric Industries' dividend history.

Hawaiian Electric Industries issued an update on its FY20 earnings guidance on Friday, February, 14th. The company provided EPS guidance of $1.90-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.01.

5 analysts have issued twelve-month target prices for Hawaiian Electric Industries' shares. Their forecasts range from $37.00 to $85.00. On average, they anticipate Hawaiian Electric Industries' stock price to reach $49.40 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price. View analysts' price targets for Hawaiian Electric Industries.

Media stories about HE stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hawaiian Electric Industries earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutHawaiian Electric Industries.

Hawaiian Electric Industries saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,366,800 shares, an increase of 27.5% from the February 27th total of 2,640,000 shares. Based on an average trading volume of 449,100 shares, the days-to-cover ratio is currently 7.5 days. Currently, 3.1% of the shares of the company are short sold. View Hawaiian Electric Industries' Current Options Chain.

Some companies that are related to Hawaiian Electric Industries include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), PPL (PPL), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Portland General Electric (POR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Hawaiian Electric Industries investors own include AT&T (T), Verizon Communications (VZ), Bank of America (BAC), Exxon Mobil (XOM), Costco Wholesale (COST), Omega Healthcare Investors (OHI), Gilead Sciences (GILD), Altria Group (MO), Occidental Petroleum (OXY) and Caterpillar (CAT).

Hawaiian Electric Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "HE."

Shares of HE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of HE stock can currently be purchased for approximately $40.00.

Hawaiian Electric Industries has a market capitalization of $4.37 billion and generates $2.87 billion in revenue each year. The utilities provider earns $219.77 million in net income (profit) each year or $1.99 on an earnings per share basis. Hawaiian Electric Industries employs 3,841 workers across the globe. View additional information about Hawaiian Electric Industries.

The official website for Hawaiian Electric Industries is http://www.hei.com/.

Hawaiian Electric Industries' mailing address is 1001 Bishop Street Suite 2500, Honolulu HI, 96813. The utilities provider can be reached via phone at 808-543-7771 or via email at [email protected]