Hawaiian Electric Industries (NYSE:HE) Upgraded to Hold at StockNews.com

Hawaiian Electric Industries (NYSE:HEGet Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Wells Fargo & Company increased their price target on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.63.

Read Our Latest Research Report on Hawaiian Electric Industries

Hawaiian Electric Industries Trading Up 1.9 %

NYSE:HE traded up $0.18 during midday trading on Friday, hitting $9.46. 3,044,445 shares of the company traded hands, compared to its average volume of 2,327,274. The firm’s fifty day moving average is $10.38 and its 200-day moving average is $11.93. Hawaiian Electric Industries has a 12-month low of $8.74 and a 12-month high of $40.16. The firm has a market capitalization of $1.04 billion, a P/E ratio of 5.60 and a beta of 0.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.19.

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

Institutional Trading of Hawaiian Electric Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP grew its position in shares of Hawaiian Electric Industries by 686.9% during the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,841 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Hawaiian Electric Industries during the 1st quarter worth $32,000. Cape Investment Advisory Inc. bought a new position in shares of Hawaiian Electric Industries during the 4th quarter worth $43,000. Abich Financial Wealth Management LLC grew its position in shares of 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 worth $36,000 after buying an additional 1,137 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Hawaiian Electric Industries during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Company Profile

(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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