Hawaiian Electric Industries (NYSE:HE - Free Report) had its price target hoisted by Evercore ISI from $9.00 to $11.00 in a report released on Monday,Benzinga reports. The firm currently has an in-line rating on the utilities provider's stock.
A number of other equities analysts have also recently commented on HE. Wells Fargo & Company lowered their target price on Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating for the company in a report on Monday, September 30th. StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Friday, October 4th.
View Our Latest Analysis on Hawaiian Electric Industries
Hawaiian Electric Industries Trading Down 6.3 %
Shares of HE traded down $0.68 during midday trading on Monday, reaching $9.97. The company had a trading volume of 7,821,432 shares, compared to its average volume of 3,431,810. The firm has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $11.15. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.62. The stock has a market cap of $1.10 billion, a PE ratio of -0.84 and a beta of 0.53. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year high of $18.19.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. The business had revenue of $983.38 million for the quarter. During the same period last year, the business posted $0.37 earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year.
Institutional Investors Weigh In On Hawaiian Electric Industries
Several institutional investors have recently modified their holdings of HE. Oppenheimer & Co. Inc. increased its stake in Hawaiian Electric Industries by 14.4% in the first quarter. Oppenheimer & Co. Inc. now owns 31,000 shares of the utilities provider's stock valued at $349,000 after purchasing an additional 3,900 shares during the last quarter. Inspire Investing LLC acquired a new stake in Hawaiian Electric Industries during the 1st quarter worth $357,000. Headlands Technologies LLC purchased a new stake in Hawaiian Electric Industries in the first quarter valued at $222,000. State Board of Administration of Florida Retirement System boosted its stake in Hawaiian Electric Industries by 18.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 156,734 shares of the utilities provider's stock valued at $1,766,000 after acquiring an additional 24,328 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Hawaiian Electric Industries by 31.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,265 shares of the utilities provider's stock worth $147,000 after purchasing an additional 3,156 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.
About Hawaiian Electric Industries
(
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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.
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