Hawaiian Electric Industries, Inc. (NYSE:HE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.1250.

HE has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of Hawaiian Electric Industries in a report on Friday, December 19th. Weiss Ratings restated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research report on Monday, December 29th.

Hawaiian Electric Industries Trading Up 8.0%

NYSE:HE opened at $14.76 on Friday. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.57. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 184.46 and a beta of 0.64. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.79. Hawaiian Electric Industries has a 12 month low of $8.14 and a 12 month high of $15.05.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.39. Hawaiian Electric Industries had a net margin of 0.56% and a return on equity of 9.51%. The company had revenue of $790.61 million during the quarter. Equities analysts predict that Hawaiian Electric Industries will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Hawaiian Electric Industries by 142.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,325 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,365 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Hawaiian Electric Industries by 242.2% during the third quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,940 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of Hawaiian Electric Industries during the third quarter valued at approximately $46,000. Farther Finance Advisors LLC boosted its position in shares of Hawaiian Electric Industries by 37.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,125 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Hawaiian Electric Industries in the 2nd quarter worth approximately $47,000. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.