Hawaiian Electric Industries, Inc. (NYSE:HE) Given Consensus Recommendation of “Hold” by Brokerages

Hawaiian Electric Industries, Inc. (NYSE:HE) has received a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.9375.

HE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hawaiian Electric Industries in a research note on Monday. Jefferies Financial Group upgraded shares of Hawaiian Electric Industries to a “hold” rating in a research note on Wednesday, October 8th.

Hawaiian Electric Industries Stock Performance

Shares of NYSE:HE opened at $11.53 on Friday. Hawaiian Electric Industries has a 1 year low of $8.14 and a 1 year high of $13.41. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -11.42 and a beta of 0.67. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $11.19.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.39. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%.The firm had revenue of $790.61 million for the quarter. As a group, research analysts predict that Hawaiian Electric Industries will post 1.71 EPS for the current fiscal year.

Institutional Trading of Hawaiian Electric Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hawaiian Electric Industries by 142.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,325 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,365 shares in the last quarter. Larson Financial Group LLC increased its holdings in Hawaiian Electric Industries by 242.2% in the third quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,940 shares during the period. Farther Finance Advisors LLC raised its position in Hawaiian Electric Industries by 37.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,125 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 1,125 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in Hawaiian Electric Industries during the 3rd quarter worth about $46,000. Finally, US Bancorp DE grew its position in shares of Hawaiian Electric Industries by 51.2% in the 1st quarter. US Bancorp DE now owns 4,293 shares of the utilities provider’s stock valued at $47,000 after buying an additional 1,453 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

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.