Last $34.13 USD
Change Today +0.04 / 0.12%
Volume 473.6K
HE On Other Exchanges
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As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

hawaiian electric inds (HE) Key Developments

Hawaiian Electric Industries Declares Special Cash Dividend; Provides Dividend Guidance for the Year 2016

Hawaiian Electric Industries declared onetime special cash dividend of $0.50 per share to be paid to the shareholders of the company. The company provided dividend guidance for the year 2016. Assuming the transaction closes in the fourth quarter of 2015, the company shareholders would be expected to receive a total dividend of $1.50 per share for 2016 including the onetime dividend, NextEra's dividends and the dividends from American Savings Bank. This is $0.26 greater than HEI's total yearly dividend of $1.24.

Hawaiian Electric Industries Inc., NextEra Energy, Inc. - M&A Call

To discuss merging of NextEra Energy and Hawaiian Electric Industries

Hawaiian Electric Not Up For Sale

Hawaiian Electric Industries Inc. (NYSE:HE) is not up for sale. NextEra Energy, Inc. (NYSE:NEE) approached Hawaiian Electric regarding an acquisition. Connie Lau, President and Chief Executive Officer of Hawaiian Electric said, "What’s been going on in Hawaii is so exciting. To a large extent, we are the postcard to the future of clean energy."

Hawaiian Electric Industries Inc. Announces Quarterly Cash Dividend, Payable on December 10, 2014

The board of directors of Hawaiian Electric Industries Inc. announced quarterly cash dividend of 31 cents per share, payable on December 10, 2014, to shareholders of record at the close of business on November 21, 2014. Ex-dividend date is November 19, 2014.

Hawaiian Electric Industries Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Hawaiian Electric Industries Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total Revenue was $867.096 million compared with $829.168 million for the same period last year. Total operating income was $91.102 million compared with $74.609 million for the same period last year. Net income for common stock was $47.815 million or $0.46 diluted per share compared with $48.236 million or $0.48 diluted per share for the same period last year. Income before income taxes was $74.609 million compared with $70.748 million for the same period last year. For the nine months, the company reported total Revenue was $2,449.502 million compared with $2,405.967 million for the same period last year. Total operating income was $261.683 million compared with $237.070 million for the same period last year. Income before income taxes was $209.845 million compared with $186.510 million for the same period last year. Net income for common stock was $135.163 million or $1.32 diluted per share compared with $122.503 million or $1.23 diluted per share for the same period last year. Return on average common equity was 10.1% compared with 8.4% for the same period last year. Net cash provided by operating activities was $173.410 million compared with $246.726 million for the same period last year. Capital expenditures was $236.003 million compared with $247.392 million for the same period last year.

 

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HE Competitors

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Industry Analysis

HE

Industry Average

Valuation HE Industry Range
Price/Earnings 20.0x
Price/Sales 1.1x
Price/Book 1.9x
Price/Cash Flow 20.1x
TEV/Sales 0.4x
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