Hawaiian Electric Industries, Inc. (NYSE:HE) had its target price boosted by J P Morgan Chase & Co from $33.00 to $34.00 in a research report released on Thursday morning. J P Morgan Chase & Co currently has a neutral rating on the utilities provider’s stock.

HE has been the subject of a number of other research reports. BidaskClub cut Hawaiian Electric Industries from a hold rating to a sell rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded Hawaiian Electric Industries from a sell rating to a hold rating in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has a consensus rating of Sell and an average target price of $31.50.

Hawaiian Electric Industries (HE) traded up 0.70% during mid-day trading on Thursday, reaching $34.57. The company had a trading volume of 58,177 shares. The stock has a market cap of $3.76 billion, a PE ratio of 15.39 and a beta of 0.47. Hawaiian Electric Industries has a 12 month low of $28.43 and a 12 month high of $34.78. The firm’s 50-day moving average price is $33.72 and its 200-day moving average price is $33.23.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $556.90 million for the quarter, compared to the consensus estimate of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. Hawaiian Electric Industries’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts forecast that Hawaiian Electric Industries will post $1.63 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Hawaiian Electric Industries during the 2nd quarter worth about $123,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hawaiian Electric Industries by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock worth $125,000 after buying an additional 297 shares during the last quarter. Ffcm LLC boosted its stake in shares of Hawaiian Electric Industries by 121.0% during the 2nd quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock worth $157,000 after buying an additional 2,642 shares during the last quarter. TLP Group LLC boosted its stake in shares of Hawaiian Electric Industries by 818.4% during the 2nd quarter. TLP Group LLC now owns 5,391 shares of the utilities provider’s stock worth $175,000 after buying an additional 4,804 shares during the last quarter. Finally, CKW Financial Group boosted its stake in shares of Hawaiian Electric Industries by 41.5% during the 2nd quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock worth $199,000 after buying an additional 1,801 shares during the last quarter. Institutional investors own 48.49% of the company’s stock.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

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