Barclays Has Lowered Expectations for Hawaiian Electric Industries (NYSE:HE) Stock Price

Hawaiian Electric Industries (NYSE:HE - Free Report) had its price objective lowered by Barclays from $11.00 to $10.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider's stock.

HE has been the subject of a number of other reports. Wall Street Zen upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Jefferies Financial Group boosted their target price on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research note on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.94.

Hawaiian Electric Industries Stock Down 0.8%

Shares of NYSE HE traded down $0.08 during mid-day trading on Thursday, reaching $10.57. 1,633,697 shares of the company traded hands, compared to its average volume of 3,213,604. The stock has a market cap of $1.82 billion, a PE ratio of -0.82 and a beta of 0.64. The company's fifty day moving average is $10.61 and its two-hundred day moving average is $10.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.25 and a current ratio of 1.25. Hawaiian Electric Industries has a fifty-two week low of $8.14 and a fifty-two week high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Hawaiian Electric Industries had a positive return on equity of 12.59% and a negative net margin of 42.60%. The firm had revenue of $744.07 million for the quarter. During the same period last year, the business earned $0.38 EPS. On average, analysts expect that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. acquired a new position in Hawaiian Electric Industries in the 4th quarter valued at $115,010,000. Horizon Kinetics Asset Management LLC acquired a new position in Hawaiian Electric Industries in the 4th quarter valued at $23,153,000. Burkehill Global Management LP acquired a new position in Hawaiian Electric Industries in the 4th quarter valued at $19,460,000. Two Sigma Investments LP grew its holdings in Hawaiian Electric Industries by 165.6% in the 4th quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider's stock valued at $19,885,000 after buying an additional 1,274,119 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Hawaiian Electric Industries by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock valued at $177,397,000 after buying an additional 1,112,150 shares in the last quarter. 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.