Hawaiian Electric Industries (NYSE:HE - Get Free Report) had its price target lifted by Wells Fargo & Company from $11.00 to $12.50 in a research report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Wells Fargo & Company's price target points to a potential upside of 15.42% from the stock's current price.
HE has been the subject of a number of other reports. StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Barclays assumed coverage on shares of Hawaiian Electric Industries in a research note on Thursday, February 6th. They issued an "equal weight" rating and a $10.00 price objective for the company. Evercore ISI decreased their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group dropped their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.75.
Get Our Latest Research Report on HE
Hawaiian Electric Industries Stock Performance
NYSE:HE traded down $0.12 during mid-day trading on Thursday, hitting $10.83. 4,464,069 shares of the company's stock traded hands, compared to its average volume of 3,266,021. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a 50 day moving average of $9.66 and a two-hundred day moving average of $10.24. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -0.92 and a beta of 0.53. Hawaiian Electric Industries has a 12 month low of $7.61 and a 12 month high of $18.19.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. On average, equities analysts forecast that Hawaiian Electric Industries will post 1.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hawaiian Electric Industries
Several large investors have recently made changes to their positions in HE. Zimmer Partners LP bought a new stake in Hawaiian Electric Industries during the third quarter worth about $145,200,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $115,010,000. FMR LLC boosted its holdings in shares of Hawaiian Electric Industries by 7,986.3% in the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock worth $51,698,000 after acquiring an additional 5,274,633 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in Hawaiian Electric Industries during the 4th quarter worth approximately $23,153,000. Finally, Franklin Resources Inc. increased its holdings in Hawaiian Electric Industries by 656.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock valued at $27,499,000 after purchasing an additional 2,362,863 shares in the last quarter. Institutional investors own 59.91% of the company's stock.
About Hawaiian Electric Industries
(
Get Free Report)
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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