Hawaiian Electric Industries (NYSE:HE) Now Covered by Barclays

Equities researchers at Barclays started coverage on shares of Hawaiian Electric Industries (NYSE:HE) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set an “equal weight” rating and a $10.00 price target on the utilities provider’s stock. Barclays‘s price objective indicates a potential upside of 5.65% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group cut their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a report on Friday, January 3rd. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Finally, Evercore ISI dropped their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Hawaiian Electric Industries has a consensus rating of “Hold” and an average target price of $10.50.

Hawaiian Electric Industries Stock Down 0.3 %

NYSE HE traded down $0.03 during mid-day trading on Thursday, reaching $9.47. 2,028,967 shares of the company’s stock traded hands, compared to its average volume of 2,752,886. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -0.80 and a beta of 0.53. The company has a fifty day simple moving average of $9.57 and a 200-day simple moving average of $10.91. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries has a 1-year low of $7.61 and a 1-year high of $18.19.

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

Institutional Investors Weigh In On Hawaiian Electric Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Hawaiian Electric Industries by 203.0% in the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at $36,000. KBC Group NV boosted its stake in 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 buying an additional 1,021 shares in the last quarter. UMB Bank n.a. bought a new stake in Hawaiian Electric Industries in the 3rd quarter valued at $42,000. Finally, Quarry LP boosted its position in shares of Hawaiian Electric Industries by 156.6% during the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 2,748 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

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.