Hawaiian Electric Industries (NYSE:HE - Free Report) had its price objective upped by Barclays from $10.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the utilities provider's stock.
Other analysts have also issued reports about the company. Wells Fargo & Company boosted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Evercore ISI cut their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Tuesday, November 19th. Finally, Jefferies Financial Group reduced 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Hawaiian Electric Industries has a consensus rating of "Hold" and an average price target of $12.00.
Check Out Our Latest Stock Analysis on Hawaiian Electric Industries
Hawaiian Electric Industries Trading Up 10.4 %
Shares of Hawaiian Electric Industries stock traded up $1.08 on Tuesday, reaching $11.48. 7,960,931 shares of the company's stock were exchanged, compared to its average volume of 3,321,534. The company has a market capitalization of $1.98 billion, a P/E ratio of -0.97 and a beta of 0.46. Hawaiian Electric Industries has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The firm's 50-day moving average is $9.71 and its two-hundred day moving average is $10.20.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its earnings results 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 for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Sell-side analysts predict that Hawaiian Electric Industries will post 1.71 EPS for the current fiscal year.
Institutional Trading of Hawaiian Electric Industries
Several institutional investors and hedge funds have recently modified their holdings of HE. Virtu Financial LLC bought a new stake in Hawaiian Electric Industries during the third quarter worth $821,000. FORA Capital LLC purchased a new position in Hawaiian Electric Industries during the 3rd quarter worth $692,000. Franklin Resources Inc. grew its stake in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock worth $27,499,000 after acquiring an additional 2,362,863 shares in the last quarter. FMR LLC raised its holdings in shares of Hawaiian Electric Industries by 7,986.3% in the third quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock valued at $51,698,000 after purchasing an additional 5,274,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Hawaiian Electric Industries by 20.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,021,649 shares of the utilities provider's stock valued at $29,250,000 after purchasing an additional 514,989 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.
Hawaiian Electric Industries Company Profile
(
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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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