Hawaiian Electric Industries, Inc. (NYSE:HE) Receives Consensus Recommendation of “Hold” from Analysts

by · The Cerbat Gem

Hawaiian Electric Industries, Inc. (NYSE:HE – Get Free Report) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.1250.

Several research analysts recently weighed in on HE shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Hawaiian Electric Industries in a research report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research note on Monday.

Read Our Latest Stock Report on HE

Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock opened at $11.77 on Wednesday. Hawaiian Electric Industries has a 1 year low of $8.14 and a 1 year high of $13.41. The firm has a 50 day moving average price of $11.63 and a 200 day moving average price of $11.37. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 147.08 and a beta of 0.64. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.35 and a current ratio of 1.35.

Hawaiian Electric Industries (NYSE:HE – Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $790.61 million for the quarter. Hawaiian Electric Industries had a net margin of 0.56% and a return on equity of 9.51%. Sell-side analysts predict that Hawaiian Electric Industries will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Horizon Kinetics Asset Management LLC boosted its position in Hawaiian Electric Industries by 28.6% during 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 purchasing an additional 3,624,709 shares during the period. Moors & Cabot Inc. lifted its position in Hawaiian Electric Industries by 119.2% during the 2nd quarter. Moors & Cabot Inc. now owns 225,662 shares of the utilities provider’s stock worth $2,399,000 after acquiring an additional 122,737 shares in the last quarter. CSM Advisors LLC acquired a new position in shares of Hawaiian Electric Industries during the second quarter worth $5,440,000. Optimize Financial Inc acquired a new position in Hawaiian Electric Industries in the 1st quarter worth $261,000. Finally, Franklin Resources Inc. lifted its stake in shares of Hawaiian Electric Industries by 1.3% in the second quarter. Franklin Resources Inc. now owns 2,744,843 shares of the utilities provider’s stock worth $29,178,000 after acquiring an additional 34,535 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

About Hawaiian Electric Industries

(Get Free Report)

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.

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