Several other research firms have also issued reports on HE. Zacks Investment Research lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating and set a $45.00 target price for the company. in a report on Tuesday, March 8th. Guggenheim raised shares of Hawaiian Electric Industries from a “sell” rating to a “neutral” rating and set a $41.00 target price for the company in a report on Thursday, January 20th. Two equities research 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, Hawaiian Electric Industries currently has an average rating of “Hold” and an average target price of $42.75.
Shares of NYSE:HE opened at $41.74 on Thursday. The firm’s 50 day moving average price is $42.32 and its 200-day moving average price is $41.44. Hawaiian Electric Industries has a twelve month low of $37.94 and a twelve month high of $45.97. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $4.57 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.00 and a beta of 0.28.
A number of institutional investors and hedge funds have recently made changes to their positions in HE. Covestor Ltd purchased a new stake in Hawaiian Electric Industries during the 4th quarter valued at approximately $29,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at $35,000. Bank of New Hampshire purchased a new position in shares of Hawaiian Electric Industries in the first quarter valued at $36,000. Trust Co. of Vermont purchased a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at $64,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Hawaiian Electric Industries by 242.7% in the fourth quarter. Lazard Asset Management LLC now owns 2,286 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 1,619 shares in the last quarter. 52.08% of the stock is owned by institutional investors and hedge funds.
Hawaiian Electric Industries Company Profile (Get Rating)
Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.
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