Hawaiian Electric Industries (NYSE:HE) Sees Strong Trading Volume

Hawaiian Electric Industries, Inc. (NYSE:HE - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,455,356 shares changed hands during mid-day trading, a decline of 39% from the previous session's volume of 2,395,613 shares.The stock last traded at $9.69 and had previously closed at $10.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HE shares. Evercore ISI raised their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an "in-line" rating in a report on Thursday, February 15th. StockNews.com raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.50.

Hawaiian Electric Industries Stock Down 5.9 %

The stock has a market cap of $1.09 billion, a PE ratio of 5.46 and a beta of 0.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $12.61.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $961.40 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. Hawaiian Electric Industries's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts expect that Hawaiian Electric Industries, Inc. will post 1.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HE. UMB Bank n.a. bought a new stake in Hawaiian Electric Industries in the 3rd quarter worth approximately $27,000. Gladius Capital Management LP grew its holdings in shares of Hawaiian Electric Industries by 686.9% in the fourth quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider's stock worth $30,000 after acquiring an additional 1,841 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Hawaiian Electric Industries in the third quarter worth $35,000. Cape Investment Advisory Inc. purchased a new stake in Hawaiian Electric Industries during the fourth quarter valued at $43,000. Finally, GAMMA Investing LLC bought a new position in Hawaiian Electric Industries in the fourth quarter valued at about $67,000. Institutional investors own 59.91% of the company's stock.

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.