Hawaiian Electric Industries (NYSE:HE) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hawaiian Electric Industries (NYSE:HE) from a sell rating to a hold rating in a research report released on Monday morning.

Separately, Evercore ISI raised their target price on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an in-line rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $11.50.

Hawaiian Electric Industries Trading Down 0.1 %

Hawaiian Electric Industries stock opened at $10.67 on Monday. The stock has a market cap of $1.18 billion, a P/E ratio of 5.89 and a beta of 0.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. Hawaiian Electric Industries has a 1 year low of $9.06 and a 1 year high of $40.16. The firm’s 50 day moving average price is $11.85 and its 200-day moving average price is $12.73.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $961.40 million for the quarter. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. On average, equities analysts predict that Hawaiian Electric Industries will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HE. UMB Bank n.a. purchased a new position in Hawaiian Electric Industries during the third quarter worth $27,000. Gladius Capital Management LP boosted its stake in shares of Hawaiian Electric Industries by 686.9% during the fourth quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,841 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Hawaiian Electric Industries during the second quarter valued at $34,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Hawaiian Electric Industries during the third quarter valued at $35,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of Hawaiian Electric Industries during the third quarter valued at $36,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. 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.