Hawaiian Electric Industries, Inc. (NYSE:HE) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.00.

HE has been the topic of several research analyst reports. Zacks Investment Research raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase cut their price objective on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Finally, UBS initiated coverage on Hawaiian Electric Industries in a research report on Friday, February 2nd. They issued a “sell” rating and a $29.00 price objective on the stock.

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In other Hawaiian Electric Industries news, Director Jeffrey N. Watanabe sold 9,300 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.18, for a total value of $308,574.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Hedge funds have recently modified their holdings of the business. First Dallas Securities Inc. purchased a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $152,000. Marshwinds Advisory Co. purchased a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $202,000. Pennsylvania Trust Co purchased a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hawaiian Electric Industries by 53.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,907 shares of the utilities provider’s stock worth $214,000 after buying an additional 2,048 shares during the period. Finally, Regentatlantic Capital LLC purchased a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $231,000. Institutional investors and hedge funds own 49.00% of the company’s stock.

NYSE HE opened at $34.62 on Tuesday. The company has a market cap of $3,720.19, a PE ratio of 20.98, a P/E/G ratio of 2.70 and a beta of 0.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.08 and a current ratio of 0.08. Hawaiian Electric Industries has a fifty-two week low of $31.71 and a fifty-two week high of $38.72.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Wednesday, February 14th. The utilities provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $658.60 million for the quarter, compared to the consensus estimate of $547.89 million. Hawaiian Electric Industries had a return on equity of 8.69% and a net margin of 6.54%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. equities analysts expect that Hawaiian Electric Industries will post 1.88 earnings per share for the current year.

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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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