Hawaiian Electric Industries, Inc. (NYSE:HE) Given Average Rating of “Hold” by Analysts

Hawaiian Electric Industries, Inc. (NYSE:HE) has received a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.3750.

Several analysts recently weighed in on HE shares. Weiss Ratings restated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating on shares of Hawaiian Electric Industries in a research note on Friday, December 19th. Finally, Barclays boosted their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday.

Hawaiian Electric Industries Stock Up 1.1%

Shares of Hawaiian Electric Industries stock opened at $14.44 on Friday. Hawaiian Electric Industries has a 12-month low of $8.75 and a 12-month high of $15.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.79. The stock has a 50 day moving average price of $12.17 and a two-hundred day moving average price of $11.69. The stock has a market capitalization of $2.49 billion, a P/E ratio of 180.50 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.39. Hawaiian Electric Industries had a net margin of 0.56% and a return on equity of 9.51%. The business had revenue of $790.61 million during the quarter. Equities analysts expect that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On Hawaiian Electric Industries

Institutional investors have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC lifted its position in shares of Hawaiian Electric Industries by 28.6% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 16,281,709 shares of the utilities provider’s stock worth $173,075,000 after acquiring an additional 3,624,709 shares during the period. Geode Capital Management LLC lifted its position in Hawaiian Electric Industries by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,093,753 shares of the utilities provider’s stock worth $43,522,000 after purchasing an additional 48,686 shares during the period. Franklin Resources Inc. boosted its stake in Hawaiian Electric Industries by 1.3% during the second quarter. Franklin Resources Inc. now owns 2,744,843 shares of the utilities provider’s stock worth $29,178,000 after buying an additional 34,535 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hawaiian Electric Industries by 10.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,061,759 shares of the utilities provider’s stock worth $22,762,000 after buying an additional 195,327 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Hawaiian Electric Industries by 5.2% in the 3rd quarter. Bank of America Corp DE now owns 1,565,958 shares of the utilities provider’s stock valued at $17,288,000 after buying an additional 76,820 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

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.