Hawaiian Electric Industries (NYSE:HE) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Hawaiian Electric crossed above its 200‑day moving average of $13.26, trading as high as $15.44 and last at $15.4050, signaling a technical improvement.
• Analyst sentiment is mixed-to-negative: the stock’s average rating is Reduce with a consensus price target of $13.25, below the current share price.
• Fundamentals show Q earnings of $0.24 EPS (in line with estimates) on $805.8M revenue, a P/E of 21.7, market cap around $2.66B and roughly 60% institutional ownership.

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.26 and traded as high as $15.44. Hawaiian Electric Industries shares last traded at $15.4050, with a volume of 1,159,989 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HE shares. Zacks Research raised Hawaiian Electric Industries to a "hold" rating in a research note on Monday, February 9th. Jefferies Financial Group lowered Hawaiian Electric Industries from a "hold" rating to an "underperform" rating and decreased their target price for the company from $13.50 to $12.50 in a research report on Tuesday, January 20th. Barclays lifted their target price on Hawaiian Electric Industries from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Wall Street Zen raised Hawaiian Electric Industries from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, Weiss Ratings raised Hawaiian Electric Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 2nd. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $13.25.

Hawaiian Electric Industries Trading Up 0.7%

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. The stock has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $13.26. The firm has a market capitalization of $2.66 billion, a P/E ratio of 21.70 and a beta of 0.55.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $805.82 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.82% and a net margin of 4.09%. On average, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Hawaiian Electric Industries by 37.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the utilities provider's stock worth $33,000 after acquiring an additional 737 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Hawaiian Electric Industries by 9.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,523 shares of the utilities provider's stock worth $117,000 after acquiring an additional 816 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Hawaiian Electric Industries by 5.9% in the 4th quarter. Venturi Wealth Management LLC now owns 15,714 shares of the utilities provider's stock worth $193,000 after acquiring an additional 871 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Hawaiian Electric Industries by 1.3% in the 2nd quarter. Federated Hermes Inc. now owns 72,891 shares of the utilities provider's stock worth $775,000 after acquiring an additional 910 shares in the last quarter. Finally, Xponance LLC raised its position in shares of Hawaiian Electric Industries by 5.7% in the 4th quarter. Xponance LLC now owns 17,022 shares of the utilities provider's stock worth $209,000 after acquiring an additional 918 shares in the last quarter. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.

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