Investment Analysts’ Weekly Ratings Changes for Hawaiian Electric Industries (HE)

Hawaiian Electric Industries (NYSE: HE) recently received a number of ratings updates from brokerages and research firms:

• 9/30/2024 – Hawaiian Electric Industries had its price target lowered by analysts at Wells Fargo & Company from $14.00 to $11.50. They now have an “equal weight” rating on the stock.
• 9/25/2024 – Hawaiian Electric Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/24/2024 – Hawaiian Electric Industries had its price target lowered by analysts at Evercore ISI from $16.00 to $9.00. They now have an “in-line” rating on the stock.
• 9/16/2024 – Hawaiian Electric Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/24/2024 – Hawaiian Electric Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/23/2024 – Hawaiian Electric Industries was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $14.00 price target on the stock.
• 8/16/2024 – Hawaiian Electric Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/14/2024 – Hawaiian Electric Industries had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $16.00 price target on the stock.
• 8/12/2024 – Hawaiian Electric Industries had its price target raised by analysts at Wells Fargo & Company from $9.00 to $14.00. They now have an “underweight” rating on the stock.
• 8/7/2024 – Hawaiian Electric Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/5/2024 – Hawaiian Electric Industries had its price target raised by analysts at Evercore ISI from $11.00 to $16.00. They now have an “in-line” rating on the stock.

Hawaiian Electric Industries Stock Performance

Shares of HE traded down $0.27 during mid-day trading on Monday, hitting $9.68. The stock had a trading volume of 5,039,009 shares, compared to its average volume of 3,425,051. The firm has a market cap of $1.07 billion, a P/E ratio of 5.73 and a beta of 0.55. The business has a fifty day moving average price of $12.94 and a 200-day moving average price of $11.34. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.11 and a quick ratio of 0.11. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The company had revenue of $792.30 million for the quarter. Hawaiian Electric Industries’s revenue was down .2% on a year-over-year basis.

Hedge Funds Weigh In On Hawaiian Electric Industries

A number of institutional investors and hedge funds have recently modified their holdings of HE. Treasurer of the State of North Carolina grew its holdings in Hawaiian Electric Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 159,290 shares of the utilities provider’s stock valued at $2,260,000 after purchasing an additional 984 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in Hawaiian Electric Industries by 54.4% during the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,137 shares during the last quarter. IMS Capital Management raised its holdings in shares of Hawaiian Electric Industries by 2.5% during the second quarter. IMS Capital Management now owns 51,957 shares of the utilities provider’s stock valued at $469,000 after acquiring an additional 1,257 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Hawaiian Electric Industries by 17.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,172 shares of the utilities provider’s stock valued at $137,000 after buying an additional 1,766 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Hawaiian Electric Industries by 30.8% during the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 1,986 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

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.