Hawaiian Electric Industries (NYSE:HE) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.32 and traded as high as $11.92. Hawaiian Electric Industries shares last traded at $11.8260, with a volume of 2,768,171 shares.

Analysts Set New Price Targets

A number of research firms recently commented on HE. Jefferies Financial Group lowered their price target on shares of Hawaiian Electric Industries from $12.25 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Hawaiian Electric Industries in a research report on Monday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.13.

Hawaiian Electric Industries Price Performance

The business has a fifty day moving average of $11.55 and a 200-day moving average of $11.32. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.79. The firm has a market cap of $2.04 billion, a PE ratio of 147.83 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.39. Hawaiian Electric Industries had a return on equity of 9.51% and a net margin of 0.56%.The firm had revenue of $790.61 million for the quarter. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Institutional Trading of Hawaiian Electric Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Hawaiian Electric Industries by 142.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,325 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,365 shares during the period. Larson Financial Group LLC raised its position in shares of Hawaiian Electric Industries by 242.2% in the third quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,940 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Hawaiian Electric Industries by 37.5% in the third quarter. Farther Finance Advisors LLC now owns 4,125 shares of the utilities provider’s stock worth $46,000 after buying an additional 1,125 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in Hawaiian Electric Industries during the third quarter valued at $46,000. Finally, US Bancorp DE boosted its stake in Hawaiian Electric Industries by 51.2% during the first quarter. US Bancorp DE now owns 4,293 shares of the utilities provider’s stock valued at $47,000 after buying an additional 1,453 shares during the period. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

About Hawaiian Electric Industries

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.