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Here's Why You Should Add Hawaiian Electric (HE) Stock Now
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Hawaiian Electric’s (HE - Free Report) strong market penetration, focus on growing its renewable assets and systematic investments in transmission and distribution projects will drive growth over the long haul.
Let’s discuss the factors that make Hawaiian Electric an appropriate investment option at the moment.
The company has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Price Performance
In the past 12 months, Hawaiian Electric’s shares have gained 5.8% against the industry’s decline of 13.1%.
Dividend Yield & Return on Equity (ROE)
Utility companies generally distribute dividends. Currently, the company has a dividend yield of 3.30% compared with the Zacks S&P 500 composite’s 2.53%
ROE is a measure of a company’s efficiency in utilizing shareholder’s funds. Hawaiian Electric’s ROE for the trailing 12 months is 9.86% compared with the industry’s ROE of 9.76%.
Debt-to-Capital
The debt-to-capital is a good indicator of the financial position of a company. The indicator shows how much debt is used to run the business. The company has a debt-to-capital of 49.08% compared with the industry’s 51.32%.
Other Key Picks
Some other top-ranked stocks from the same industry are NorthWestern Corporation (NWE - Free Report) , Pacific Gas & Electric Co. (PCG - Free Report) and Southern Company (SO - Free Report) . NorthWestern sports a Zacks Rank #1, while Pacific Gas & Electric and Southern Company carry a Zacks Rank #2 (Buy).
Long-term earnings growth of Pacific Gas & Electric, NorthWestern and Southern Company is pegged at 2.50%, 3.10% and 4%, respectively.
Pacific Gas & Electric, NorthWestern and Southern Company have a trailing four-quarter positive earnings surprise of 7.35%, 7.62% and 8.13%, on average, respectively.
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Here's Why You Should Add Hawaiian Electric (HE) Stock Now
Hawaiian Electric’s (HE - Free Report) strong market penetration, focus on growing its renewable assets and systematic investments in transmission and distribution projects will drive growth over the long haul.
Let’s discuss the factors that make Hawaiian Electric an appropriate investment option at the moment.
Zacks Rank & VGM Score
The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Price Performance
In the past 12 months, Hawaiian Electric’s shares have gained 5.8% against the industry’s decline of 13.1%.
Dividend Yield & Return on Equity (ROE)
Utility companies generally distribute dividends. Currently, the company has a dividend yield of 3.30% compared with the Zacks S&P 500 composite’s 2.53%
ROE is a measure of a company’s efficiency in utilizing shareholder’s funds. Hawaiian Electric’s ROE for the trailing 12 months is 9.86% compared with the industry’s ROE of 9.76%.
Debt-to-Capital
The debt-to-capital is a good indicator of the financial position of a company. The indicator shows how much debt is used to run the business. The company has a debt-to-capital of 49.08% compared with the industry’s 51.32%.
Other Key Picks
Some other top-ranked stocks from the same industry are NorthWestern Corporation (NWE - Free Report) , Pacific Gas & Electric Co. (PCG - Free Report) and Southern Company (SO - Free Report) . NorthWestern sports a Zacks Rank #1, while Pacific Gas & Electric and Southern Company carry a Zacks Rank #2 (Buy).
Long-term earnings growth of Pacific Gas & Electric, NorthWestern and Southern Company is pegged at 2.50%, 3.10% and 4%, respectively.
Pacific Gas & Electric, NorthWestern and Southern Company have a trailing four-quarter positive earnings surprise of 7.35%, 7.62% and 8.13%, on average, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>