Hawaiian Electric Industries (NYSE:HE) Given Sell (E+) Rating at Weiss Ratings

Hawaiian Electric Industries (NYSE:HE - Get Free Report)'s stock had its "sell (e+)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Barclays cut their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.94.

Hawaiian Electric Industries Price Performance

Shares of Hawaiian Electric Industries stock opened at $11.10 on Wednesday. The business's fifty day moving average price is $11.66 and its 200 day moving average price is $10.92. 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 $1.92 billion, a P/E ratio of -10.99 and a beta of 0.66.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. The company had revenue of $746.39 million during the quarter. As a group, research analysts anticipate that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Trading of Hawaiian Electric Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Hawaiian Electric Industries by 379.3% during the first quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider's stock worth $27,000 after acquiring an additional 2,037 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Hawaiian Electric Industries by 3,797.8% in the first quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider's stock valued at $38,000 after buying an additional 3,380 shares during the last quarter. Byrne Asset Management LLC increased its holdings in Hawaiian Electric Industries by 34.0% in the first quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider's stock valued at $43,000 after buying an additional 987 shares during the last quarter. US Bancorp DE increased its holdings in Hawaiian Electric Industries by 51.2% in the first quarter. US Bancorp DE now owns 4,293 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,453 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Hawaiian Electric Industries in the second quarter valued at about $47,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

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.

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