Hawaiian Electric Industries, Inc. (NYSE:HE) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Hawaiian Electric Industries, Inc. has received a consensus recommendation of "Hold" from five brokerages, with one analyst rating it as a sell and one as a buy.
• The stock has seen a recent increase of 0.6%, trading at $11.17 with a market capitalization of $1.93 billion.
• In terms of earnings, Hawaiian Electric reported EPS of $0.20 for the last quarter, missing expectations by $0.04.

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.9375.

Several equities research analysts have commented on HE shares. Barclays decreased their price objective on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Hawaiian Electric Industries in a research note on Saturday, September 27th.

Hawaiian Electric Industries Stock Up 0.6%

Shares of HE traded up $0.06 on Friday, reaching $11.17. The company's stock had a trading volume of 1,046,573 shares, compared to its average volume of 2,242,599. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.52. Hawaiian Electric Industries has a twelve month low of $8.14 and a twelve month high of $13.41. The stock has a market capitalization of $1.93 billion, a PE ratio of -11.06 and a beta of 0.66. The firm has a fifty day moving average of $11.62 and a 200-day moving average of $10.92.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The business had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Equities analysts predict that Hawaiian Electric Industries will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Hawaiian Electric Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of Hawaiian Electric Industries by 31.7% during the 4th quarter. Ameriprise Financial Inc. now owns 19,318 shares of the utilities provider's stock valued at $188,000 after acquiring an additional 4,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hawaiian Electric Industries by 32.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,045 shares of the utilities provider's stock valued at $3,494,000 after acquiring an additional 88,686 shares during the period. California State Teachers Retirement System grew its position in shares of Hawaiian Electric Industries by 47.3% during the 4th quarter. California State Teachers Retirement System now owns 153,806 shares of the utilities provider's stock valued at $1,497,000 after acquiring an additional 49,366 shares during the period. Versant Capital Management Inc grew its position in shares of Hawaiian Electric Industries by 197.6% during the 1st quarter. Versant Capital Management Inc now owns 4,672 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 3,102 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Hawaiian Electric Industries by 876.4% during the 1st quarter. GAMMA Investing LLC now owns 274,659 shares of the utilities provider's stock valued at $30,080,000 after acquiring an additional 246,528 shares during the period. Hedge funds and other institutional investors own 59.91% of the company's stock.

About Hawaiian Electric Industries

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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