Share on StockTwits

Hawaiian Electric Industries (NYSE:HE) was upgraded by equities research analysts at ISI Group from a “cautious” rating to a “neutral” rating in a research note issued to investors on Tuesday, reports. The firm currently has a $25.00 target price on the stock, up from their previous target price of $23.00. ISI Group’s target price suggests a potential downside of 1.73% from the company’s current price.

HE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Hawaiian Electric Industries in a research note on Monday, August 4th. They now have a $25.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. set a $23.00 price target on shares of Hawaiian Electric Industries in a research note on Wednesday, July 9th. They now have a “neutral” rating on the stock. Finally, analysts at TheStreet upgraded shares of Hawaiian Electric Industries to a “buy” rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.63.

Shares of Hawaiian Electric Industries (NYSE:HE) traded up 0.20% during mid-day trading on Tuesday, hitting $25.44. The stock had a trading volume of 1,353,619 shares. Hawaiian Electric Industries has a one year low of $22.71 and a one year high of $27.15. The stock has a 50-day moving average of $24.22 and a 200-day moving average of $24.53. The company has a market cap of $2.609 billion and a P/E ratio of 14.68.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Monday, August 11th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03. The company had revenue of $798.70 million for the quarter, compared to the consensus estimate of $795.97 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Hawaiian Electric Industries will post $1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Wednesday, August 20th.

Hawaiian Electric Industries, Inc (NYSE:HE) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.