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

StockNews.com upgraded shares of Hawaiian Electric Industries (NYSE:HE - Free Report) from a sell rating to a hold rating in a report published on Monday.

A number of other equities research analysts have also issued reports on HE. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Barclays lifted their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Trading Up 0.1%

HE stock traded up $0.02 during mid-day trading on Monday, reaching $10.61. 2,315,274 shares of the stock traded hands, compared to its average volume of 3,428,073. Hawaiian Electric Industries has a 52-week low of $7.61 and a 52-week high of $18.19. The stock's fifty day moving average is $10.49 and its 200-day moving average is $10.16. The company has a market cap of $1.83 billion, a P/E ratio of -0.90 and a beta of 0.64. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly 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 negative net margin of 35.38% and a positive return on equity of 11.12%. The business had revenue of $744.07 million for the quarter. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts expect that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its holdings in Hawaiian Electric Industries by 48.5% during the third quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock valued at $2,475,000 after buying an additional 83,496 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at about $101,000. FNY Investment Advisers LLC bought a new position in shares of Hawaiian Electric Industries in the 4th quarter valued at approximately $119,000. Assenagon Asset Management S.A. lifted its holdings in Hawaiian Electric Industries by 92.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 313,035 shares of the utilities provider's stock worth $3,046,000 after purchasing an additional 150,735 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Hawaiian Electric Industries during the fourth quarter worth approximately $99,000. 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.