Hawaiian Electric Industries (NYSE:HE) Price Target Raised to $12.50

Hawaiian Electric Industries (NYSE:HE) had its price objective boosted by Wells Fargo & Company from $11.00 to $12.50 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

Several other analysts have also weighed in on HE. Barclays assumed coverage on shares of Hawaiian Electric Industries in a research note on Thursday, February 6th. They set an “equal weight” rating and a $10.00 target price for the company. Jefferies Financial Group lowered their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Finally, Evercore ISI lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.75.

Hawaiian Electric Industries Trading Up 2.5 %

HE opened at $10.98 on Thursday. The stock has a market capitalization of $1.89 billion, a PE ratio of -0.93 and a beta of 0.53. The firm’s fifty day moving average price is $9.66 and its 200 day moving average price is $10.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. Hawaiian Electric Industries has a 12-month low of $7.61 and a 12-month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. As a group, research analysts expect that Hawaiian Electric Industries will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Hawaiian Electric Industries

Several institutional investors have recently modified their holdings of HE. Vanguard Group Inc. lifted its holdings in Hawaiian Electric Industries by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider’s stock worth $177,397,000 after purchasing an additional 1,112,150 shares during the period. Zimmer Partners LP lifted its holdings in Hawaiian Electric Industries by 1.4% in the fourth quarter. Zimmer Partners LP now owns 15,202,552 shares of the utilities provider’s stock worth $147,921,000 after purchasing an additional 202,552 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Hawaiian Electric Industries in the fourth quarter worth about $115,010,000. FMR LLC lifted its holdings in Hawaiian Electric Industries by 7,986.3% in the third quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock worth $51,698,000 after purchasing an additional 5,274,633 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Hawaiian Electric Industries by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock worth $38,208,000 after purchasing an additional 132,740 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.