Hawaiian Electric Industries (NYSE:HE) Stock Rating Lowered by StockNews.com

Hawaiian Electric Industries (NYSE:HE) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

HE has been the subject of a number of other research reports. Jefferies Financial Group dropped their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Evercore ISI dropped their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Tuesday, November 19th.

Hawaiian Electric Industries Trading Up 2.9 %

HE opened at $9.07 on Wednesday. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year high of $18.19. The stock has a market capitalization of $1.56 billion, a PE ratio of -0.77 and a beta of 0.53. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $9.71 and a two-hundred day moving average price of $11.04.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The company had revenue of $983.38 million during the quarter. During the same period in the prior year, the company posted $0.37 earnings per share. Hawaiian Electric Industries’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Hawaiian Electric Industries will post 1.71 earnings per share for the current fiscal year.

Institutional Trading of Hawaiian Electric Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV grew its stake in shares of Hawaiian Electric Industries by 34.8% during the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 1,021 shares during the period. Diversified Trust Co grew its position in shares of Hawaiian Electric Industries by 2.9% during the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock worth $403,000 after buying an additional 1,184 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock worth $317,000 after buying an additional 1,775 shares during the period. Blue Trust Inc. increased its stake in shares of Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Choreo LLC raised its position in shares of Hawaiian Electric Industries by 15.5% in the 4th quarter. Choreo LLC now owns 16,190 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 2,173 shares during the period. 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.