Hawaiian Electric Industries Short Interest Up 18.3% in May (HE)
Shares of Hawaiian Electric Industries (NYSE:HE) were the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 20,649,577 shares, an increase of 18.3% from the April 30th total of 17,459,365 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 1,300,831 shares, the short-interest ratio is currently 15.9 days. Approximately 20.6% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hawaiian Electric Industries in a research note on Friday, May 9th. They now have a $25.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Hawaiian Electric Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 8th. They now have a $25.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $25.83.
Hawaiian Electric Industries (NYSE:HE) opened at 24.55 on Monday. Hawaiian Electric Industries has a 52-week low of $23.04 and a 52-week high of $27.24. The stock has a 50-day moving average of $24.04 and a 200-day moving average of $25.11. The company has a market cap of $2.491 billion and a P/E ratio of 14.20.
Hawaiian Electric Industries (NYSE:HE) last released its earnings data on Wednesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The company had revenue of $783.75 million for the quarter, compared to the consensus estimate of $738.83 million. Analysts expect that Hawaiian Electric Industries will post $1.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Tuesday, May 20th.
Hawaiian Electric Industries, Inc (NYSE:HE) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii.
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