Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 14,401 call options on the company. This is an increase of approximately 54% compared to the typical volume of 9,345 call options.
Hawaiian Electric Industries Trading Up 3.2 %
Shares of HE stock traded up $0.31 during trading hours on Monday, hitting $10.06. 5,804,943 shares of the company were exchanged, compared to its average volume of 3,406,411. The firm has a market cap of $1.11 billion, a P/E ratio of -0.96 and a beta of 0.54. Hawaiian Electric Industries has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $11.16.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). The company had revenue of $792.30 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. Hawaiian Electric Industries's quarterly revenue was down .2% on a year-over-year basis.
Analysts Set New Price Targets
HE has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Friday, October 4th. Wells Fargo & Company decreased their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating for the company in a research report on Monday, September 30th. Finally, Evercore ISI decreased their target price on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an "in-line" rating for the company in a research report on Tuesday, September 24th.
Read Our Latest Analysis on HE
Hedge Funds Weigh In On Hawaiian Electric Industries
A number of large investors have recently modified their holdings of HE. New Covenant Trust Company N.A. bought a new position in shares of Hawaiian Electric Industries in the 1st quarter worth $32,000. Abich Financial Wealth Management LLC lifted its stake in Hawaiian Electric Industries by 54.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 1,137 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Hawaiian Electric Industries during the 1st quarter valued at $42,000. UMB Bank n.a. bought a new position in Hawaiian Electric Industries during the 3rd quarter valued at $42,000. Finally, Signaturefd LLC lifted its stake in Hawaiian Electric Industries by 30.8% during the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider's stock valued at $76,000 after acquiring an additional 1,986 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors.
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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