Analysts Set Hawaiian Electric Industries, Inc. (NYSE:HE) Target Price at $12.13

Hawaiian Electric Industries, Inc. (NYSE:HE) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.1250.

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

Hawaiian Electric Industries Trading Down 4.2%

Hawaiian Electric Industries stock opened at $13.71 on Friday. Hawaiian Electric Industries has a 12-month low of $8.14 and a 12-month high of $15.05. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $2.37 billion, a PE ratio of 171.33 and a beta of 0.64. The firm has a 50 day simple moving average of $12.01 and a 200-day simple moving average of $11.62.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HE. Byrne Asset Management LLC boosted its stake in shares of Hawaiian Electric Industries by 137.1% during the 4th quarter. Byrne Asset Management LLC now owns 12,780 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 7,389 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Hawaiian Electric Industries by 2.4% in the 4th quarter. Congress Asset Management Co. now owns 777,079 shares of the utilities provider’s stock valued at $9,558,000 after purchasing an additional 18,091 shares during the period. SG Americas Securities LLC increased its stake in Hawaiian Electric Industries by 16.1% in the 4th quarter. SG Americas Securities LLC now owns 68,085 shares of the utilities provider’s stock worth $837,000 after purchasing an additional 9,417 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Hawaiian Electric Industries by 8.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,992 shares of the utilities provider’s stock worth $406,000 after buying an additional 2,560 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Hawaiian Electric Industries by 153.9% during the third quarter. JPMorgan Chase & Co. now owns 1,243,332 shares of the utilities provider’s stock valued at $13,726,000 after buying an additional 753,549 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

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.