Hawaiian Electric Industries (NYSE:HE) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Hawaiian Electric Industries (NYSE:HE) from a sell rating to a hold rating in a report issued on Friday.

Separately, Wells Fargo & Company lifted their price target on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an underweight rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $11.63.

Hawaiian Electric Industries Trading Up 1.9 %

Shares of HE stock opened at $9.46 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 5.60 and a beta of 0.61. Hawaiian Electric Industries has a 1 year low of $8.74 and a 1 year high of $40.16. The stock’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $11.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.11 and a quick ratio of 0.11.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. The company had revenue of $897.16 million for the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%.

Institutional Trading of Hawaiian Electric Industries

Large investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina lifted its holdings in Hawaiian Electric Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 159,290 shares of the utilities provider’s stock valued at $2,260,000 after buying an additional 984 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Hawaiian Electric Industries by 54.4% during the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 1,137 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hawaiian Electric Industries by 4.4% in the fourth quarter. Victory Capital Management Inc. now owns 40,311 shares of the utilities provider’s stock valued at $572,000 after purchasing an additional 1,700 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Hawaiian Electric Industries by 17.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,172 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Hawaiian Electric Industries by 13.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,100 shares of the utilities provider’s stock worth $214,000 after purchasing an additional 1,820 shares during the period. 59.91% of the stock is owned by hedge funds and other institutional investors.

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.