Hawaiian Electric Industries, Inc. (NYSE:HE) Receives $11.94 Average PT from Brokerages

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.9375.

Several research firms have recently commented on HE. Jefferies Financial Group raised Hawaiian Electric Industries to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research report on Monday, November 17th.

Hawaiian Electric Industries Stock Down 0.2%

Shares of NYSE:HE opened at $11.50 on Friday. Hawaiian Electric Industries has a fifty-two week low of $8.14 and a fifty-two week high of $13.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The firm’s 50-day simple moving average is $11.49 and its 200-day simple moving average is $11.21. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -11.38 and a beta of 0.67.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.39. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. The firm had revenue of $790.61 million during the quarter. As a group, equities research analysts predict that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Trading of Hawaiian Electric Industries

A number of institutional investors have recently added to or reduced their stakes in HE. Horizon Kinetics Asset Management LLC increased its holdings in Hawaiian Electric Industries by 28.6% in the second quarter. Horizon Kinetics Asset Management LLC now owns 16,281,709 shares of the utilities provider’s stock valued at $173,075,000 after buying an additional 3,624,709 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hawaiian Electric Industries by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,093,753 shares of the utilities provider’s stock worth $43,522,000 after acquiring an additional 48,686 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hawaiian Electric Industries by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,687,636 shares of the utilities provider’s stock valued at $40,380,000 after purchasing an additional 216,114 shares in the last quarter. Franklin Resources Inc. increased its stake in Hawaiian Electric Industries by 1.3% in the 2nd quarter. Franklin Resources Inc. now owns 2,744,843 shares of the utilities provider’s stock valued at $29,178,000 after purchasing an additional 34,535 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hawaiian Electric Industries by 10.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,061,759 shares of the utilities provider’s stock worth $22,762,000 after purchasing an additional 195,327 shares during the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

About Hawaiian Electric Industries

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.