Hawaiian Electric Industries (NYSE:HE) Trading Up 3.8%

Hawaiian Electric Industries, Inc. (NYSE:HE)’s stock price was up 3.8% during trading on Tuesday . The stock traded as high as $11.14 and last traded at $11.14. Approximately 826,017 shares changed hands during trading, a decline of 73% from the average daily volume of 3,102,123 shares. The stock had previously closed at $10.73.

Analyst Ratings Changes

Several equities research analysts recently commented on HE shares. Evercore ISI reiterated an “in-line” rating and set a $16.00 target price on shares of Hawaiian Electric Industries in a report on Wednesday, August 14th. Wells Fargo & Company upgraded Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 target price on the stock in a report on Friday, August 23rd. Finally, StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 24th.

Hawaiian Electric Industries Trading Down 8.0 %

The company has a market cap of $1.24 billion, a price-to-earnings ratio of 6.67 and a beta of 0.55. The firm has a 50-day moving average price of $12.65 and a 200 day moving average price of $11.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.05). The company had revenue of $792.30 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. The business’s quarterly revenue was down .2% on a year-over-year basis.

Institutional Trading of Hawaiian Electric Industries

Several hedge funds have recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its stake 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 acquiring 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% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,137 shares in the last quarter. IMS Capital Management raised its stake in shares of Hawaiian Electric Industries by 2.5% in the 2nd quarter. IMS Capital Management now owns 51,957 shares of the utilities provider’s stock worth $469,000 after buying an additional 1,257 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Hawaiian Electric Industries by 4.4% in the 4th quarter. Victory Capital Management Inc. now owns 40,311 shares of the utilities provider’s stock worth $572,000 after buying an additional 1,700 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Hawaiian Electric Industries by 17.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,172 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,766 shares in the last quarter. 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.