Hawaiian Electric Industries (NYSE:HE) Price Target Raised to $11.25 at Jefferies Financial Group

Hawaiian Electric Industries (NYSE:HE - Get Free Report) had its target price raised by Jefferies Financial Group from $11.00 to $11.25 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the utilities provider's stock. Jefferies Financial Group's price objective indicates a potential upside of 5.24% from the stock's previous close.

A number of other brokerages have also recently issued reports on HE. Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Barclays increased their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.19.

Hawaiian Electric Industries Stock Down 1.7%

Shares of NYSE:HE traded down $0.18 on Wednesday, hitting $10.69. 2,076,241 shares of the company's stock were exchanged, compared to its average volume of 3,438,895. The company has a market capitalization of $1.84 billion, a PE ratio of -0.90 and a beta of 0.64. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year high of $18.19. The firm's 50-day moving average is $10.41 and its 200 day moving average is $10.20.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced 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. The firm had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same period last year, the company earned $0.38 earnings per share. Sell-side analysts predict that Hawaiian Electric Industries will post 1.71 EPS for the current year.

Institutional Trading of Hawaiian Electric Industries

Several hedge funds have recently modified their holdings of the business. Byrne Asset Management LLC lifted its holdings in shares of Hawaiian Electric Industries by 34.0% in the 1st 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 period. Commonwealth Equity Services LLC lifted its holdings in shares of Hawaiian Electric Industries by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock valued at $302,000 after buying an additional 1,080 shares during the period. Xponance Inc. lifted its holdings in shares of Hawaiian Electric Industries by 10.9% in the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,171 shares during the period. Diversified Trust Co increased its stake in Hawaiian Electric Industries by 3.2% in the 1st quarter. Diversified Trust Co now owns 42,795 shares of the utilities provider's stock valued at $469,000 after purchasing an additional 1,340 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Hawaiian Electric Industries by 1.5% in the 1st quarter. MetLife Investment Management LLC now owns 99,720 shares of the utilities provider's stock valued at $1,092,000 after purchasing an additional 1,452 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.