Hawaiian Electric Industries (NYSE:HE) Releases FY 2021 Earnings Guidance

Hawaiian Electric Industries (NYSE:HE) updated its FY 2021 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.100-$2.200 for the period, compared to the Thomson Reuters consensus estimate of $2.080. The company issued revenue guidance of -.

Separately, Zacks Investment Research raised Hawaiian Electric Industries from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Monday, October 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $38.80.

HE stock traded down $0.19 during midday trading on Thursday, hitting $39.89. 346,124 shares of the company’s stock were exchanged, compared to its average volume of 491,858. The business has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $42.46. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $4.36 billion, a PE ratio of 18.05, a P/E/G ratio of 2.56 and a beta of 0.25. Hawaiian Electric Industries has a 1-year low of $32.96 and a 1-year high of $45.97.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, November 5th. The utilities provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Hawaiian Electric Industries had a return on equity of 10.37% and a net margin of 8.93%. The firm had revenue of $756.90 million for the quarter. During the same period in the prior year, the company posted $0.59 EPS. As a group, research analysts expect that Hawaiian Electric Industries will post 2.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Tuesday, November 23rd will be given a dividend of $0.34 per share. The ex-dividend date is Monday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 3.41%. Hawaiian Electric Industries’s dividend payout ratio is currently 61.54%.

An institutional investor recently raised its position in Hawaiian Electric Industries stock. UBS Group AG boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 27.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,832 shares of the utilities provider’s stock after acquiring an additional 10,417 shares during the period. UBS Group AG’s holdings in Hawaiian Electric Industries were worth $1,953,000 as of its most recent SEC filing. 52.89% of the stock is owned by institutional investors.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai.

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