Hawaiian Electric Industries (NYSE:HE – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, Wells Fargo & Company lifted their price objective on shares of 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 investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.63.
View Our Latest Analysis on Hawaiian Electric Industries
Hawaiian Electric Industries Stock Up 2.0 %
Hawaiian Electric Industries (NYSE:HE – Get Free Report) last announced its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. The firm had revenue of $897.16 million for the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%.
Institutional Trading of Hawaiian Electric Industries
Hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP raised its position in shares of Hawaiian Electric Industries by 686.9% during the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock valued at $30,000 after buying an additional 1,841 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Hawaiian Electric Industries during the 1st quarter valued at $32,000. Abich Financial Wealth Management LLC lifted its position in shares of 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 purchasing an additional 1,137 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Hawaiian Electric Industries during the 1st quarter valued at about $42,000. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at about $43,000. Institutional investors 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.
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