Hawaiian Electric Industries (NYSE:HE) Hits New 12-Month Low at $7.95

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $7.95 and last traded at $7.97, with a volume of 315613 shares changing hands. The stock had previously closed at $8.08.

Analyst Ratings Changes

Several research analysts have issued reports on HE shares. Wells Fargo & Company raised their price target on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an "underweight" rating in a report on Monday, May 13th. StockNews.com raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.63.

Hawaiian Electric Industries Stock Performance

The stock has a market capitalization of $852.62 million, a price-to-earnings ratio of 4.57 and a beta of 0.57. The company has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $11.52. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $897.16 million for the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HE. Gladius Capital Management LP increased its holdings 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 acquiring an additional 1,841 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Hawaiian Electric Industries in the 1st quarter valued at $32,000. Cape Investment Advisory Inc. bought a new stake in Hawaiian Electric Industries during the 4th quarter valued at $43,000. Abich Financial Wealth Management LLC raised its holdings in Hawaiian Electric Industries by 54.4% during the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider's stock worth $36,000 after buying an additional 1,137 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Hawaiian Electric Industries in the first quarter valued at $42,000. 59.91% of the stock is owned by institutional investors and hedge funds.

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.