Hawaiian Electric Industries, Inc. (NYSE:HE) had its price objective raised by Barclays PLC from $25.00 to $27.00 in a research note released on Friday morning. They currently have a sell rating on the stock.
Separately, Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a sell rating to a hold rating in a research report on Tuesday, October 4th.
Shares of Hawaiian Electric Industries (NYSE:HE) opened at 33.08 on Friday. Hawaiian Electric Industries has a one year low of $27.71 and a one year high of $34.98. The stock’s 50 day moving average is $33.06 and its 200-day moving average is $30.82. The stock has a market capitalization of $3.59 billion, a P/E ratio of 14.57 and a beta of 0.29.
Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Wednesday, November 9th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.08. The firm earned $646.05 million during the quarter, compared to analyst estimates of $728.12 million. Hawaiian Electric Industries had a net margin of 10.38% and a return on equity of 9.64%. Hawaiian Electric Industries’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, equities research analysts expect that Hawaiian Electric Industries will post $1.75 EPS for the current year.
A number of large investors have recently modified their holdings of the stock. Pacad Investment Ltd. acquired a new stake in shares of Hawaiian Electric Industries during the second quarter worth $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hawaiian Electric Industries by 13.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,562 shares of the company’s stock worth $106,000 after buying an additional 413 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Hawaiian Electric Industries during the third quarter worth $181,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Hawaiian Electric Industries during the second quarter worth $188,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Hawaiian Electric Industries during the second quarter worth $190,000. 44.07% of the stock is owned by institutional investors.
Hawaiian Electric Industries Company Profile
Hawaiian Electric Industries, Inc (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s segments include Electric utility, Bank and Other. The Company operates its electric utility business through Hawaiian Electric Company, Inc and its subsidiaries, Hawaii Electric Light Company, Inc and Maui Electric Company, Limited (Maui Electric).