Hawaiian Electric Industries (NYSE:HE) Given New $16.00 Price Target at Evercore ISI

Hawaiian Electric Industries (NYSE:HE) had its target price upped by Evercore ISI from $11.00 to $16.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an in-line rating on the utilities provider’s stock.

HE has been the topic of a number of other research reports. StockNews.com cut Hawaiian Electric Industries from a hold rating to a sell rating in a report on Tuesday, July 16th. Wells Fargo & Company boosted their price target on Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an underweight rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $12.88.

Hawaiian Electric Industries Trading Up 4.0 %

Shares of NYSE HE opened at $15.98 on Monday. Hawaiian Electric Industries has a 12-month low of $7.61 and a 12-month high of $35.99. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.19. The stock’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $11.60. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.46 and a beta of 0.57.

Hawaiian Electric Industries (NYSE:HE) last released 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 net margin of 5.16% and a return on equity of 9.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in Hawaiian Electric Industries by 44.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,824 shares of the utilities provider’s stock worth $608,000 after acquiring an additional 13,128 shares during the period. International Assets Investment Management LLC boosted its position in shares of Hawaiian Electric Industries by 1,439.8% during the 4th quarter. International Assets Investment Management LLC now owns 180,867 shares of the utilities provider’s stock valued at $2,567,000 after purchasing an additional 169,121 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hawaiian Electric Industries by 13.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,100 shares of the utilities provider’s stock worth $214,000 after purchasing an additional 1,820 shares during the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth approximately $170,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Hawaiian Electric Industries during the fourth quarter valued at approximately $163,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

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.