Hawaiian Electric Industries (NYSE:HE) Stock Price Up 3.3%

Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report)'s share price was up 3.3% during mid-day trading on Thursday . The company traded as high as $10.24 and last traded at $10.09. Approximately 616,644 shares traded hands during trading, a decline of 74% from the average daily volume of 2,374,700 shares. The stock had previously closed at $9.77.

Analysts Set New Price Targets

A number of research analysts have issued reports on HE shares. Evercore ISI upped their target price on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an "in-line" rating in a research report on Thursday, February 15th. StockNews.com upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of "Hold" and a consensus target price of $11.50.

Hawaiian Electric Industries Stock Up 4.6 %

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.40 and a beta of 0.53. The business's 50-day moving average is $11.66 and its two-hundred day moving average is $12.68.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The business had revenue of $961.40 million for the quarter. During the same quarter last year, the company posted $0.52 earnings per share. The company's revenue was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share for the current year.

Hedge Funds Weigh In On Hawaiian Electric Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Hawaiian Electric Industries by 2.1% in the third quarter. Vanguard Group Inc. now owns 12,016,050 shares of the utilities provider's stock valued at $416,476,000 after acquiring an additional 245,066 shares in the last quarter. BlackRock Inc. grew its stake in shares of Hawaiian Electric Industries by 1.4% in the first quarter. BlackRock Inc. now owns 10,350,476 shares of the utilities provider's stock valued at $397,458,000 after acquiring an additional 138,229 shares in the last quarter. AQR Capital Management LLC grew its stake in Hawaiian Electric Industries by 1,470.8% during the third quarter. AQR Capital Management LLC now owns 6,120,053 shares of the utilities provider's stock worth $75,338,000 after buying an additional 5,730,428 shares in the last quarter. State Street Corp grew its stake in Hawaiian Electric Industries by 0.9% during the third quarter. State Street Corp now owns 3,770,062 shares of the utilities provider's stock worth $130,670,000 after buying an additional 31,995 shares in the last quarter. Finally, Morgan Stanley grew its stake in Hawaiian Electric Industries by 240.3% during the third quarter. Morgan Stanley now owns 2,211,650 shares of the utilities provider's stock worth $27,225,000 after buying an additional 1,561,737 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

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.