Hawaiian Electric Industries (NYSE:HE) Stock Price Expected to Rise, Barclays Analyst Says

Hawaiian Electric Industries (NYSE:HE) had its price target upped by Barclays from $10.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target would suggest a potential upside of 1.57% from the stock’s current price.

HE has been the subject of several other research reports. Evercore ISI reduced their price objective on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Tuesday, November 19th. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Jefferies Financial Group decreased their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company increased their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries has an average rating of “Hold” and a consensus target price of $11.00.

Hawaiian Electric Industries Trading Down 1.1 %

HE opened at $10.83 on Tuesday. The stock has a market capitalization of $1.87 billion, a P/E ratio of -0.92 and a beta of 0.53. Hawaiian Electric Industries has a 12 month low of $7.61 and a 12 month high of $18.19. The firm’s fifty day simple moving average is $9.68 and its 200 day simple moving average is $10.22. 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 (NYSE:HE) last posted its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm had revenue of $799.18 million for the quarter. As a group, research analysts anticipate that Hawaiian Electric Industries will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in Hawaiian Electric Industries by 203.0% in the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,062 shares during the last quarter. R Squared Ltd bought a new position in shares of Hawaiian Electric Industries in the fourth quarter worth approximately $36,000. KBC Group NV raised its position in shares of Hawaiian Electric Industries by 34.8% during the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,021 shares during the period. Comerica Bank lifted its stake in shares of Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock valued at $41,000 after buying an additional 1,715 shares in the last quarter. Finally, Quarry LP raised its holdings in Hawaiian Electric Industries by 156.6% during the third 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 during the period. Hedge funds and other institutional investors own 59.91% of the company’s stock.

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.