Hawaiian Electric Industries (NYSE:HE) Upgraded at StockNews.com

StockNews.com upgraded shares of Hawaiian Electric Industries (NYSE:HEFree Report) from a sell rating to a hold rating in a report issued on Friday morning.

Separately, Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an underweight rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $11.63.

Check Out Our Latest Stock Report on HE

Hawaiian Electric Industries Stock Up 2.0 %

NYSE:HE opened at $9.47 on Friday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.60 and a beta of 0.61. Hawaiian Electric Industries has a one year low of $8.74 and a one year high of $40.16. The stock has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $11.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.11 and a current ratio of 0.11.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last posted its quarterly earnings results on Friday, May 10th. The utilities provider reported $0.45 EPS for the quarter. The business had revenue of $897.16 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%.

Hedge Funds Weigh In On Hawaiian Electric Industries

Several institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP grew its holdings in Hawaiian Electric Industries by 686.9% in the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,841 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in Hawaiian Electric Industries in the 1st quarter worth approximately $32,000. Abich Financial Wealth Management LLC grew its holdings in Hawaiian Electric Industries by 54.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,137 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Hawaiian Electric Industries in the 1st quarter worth approximately $42,000. Finally, Cape Investment Advisory Inc. bought a new position in Hawaiian Electric Industries in the 4th quarter worth approximately $43,000. 59.91% of the stock is owned by institutional investors.

About Hawaiian Electric Industries

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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.

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