Evercore ISI Reaffirms “In-Line” Rating for Hawaiian Electric Industries (NYSE:HE)

Evercore ISI reaffirmed their in-line rating on shares of Hawaiian Electric Industries (NYSE:HE) in a research report sent to investors on Wednesday morning, Benzinga reports. Evercore ISI currently has a $16.00 target price on the utilities provider’s stock.

HE has been the subject of a number of other reports. StockNews.com raised shares of Hawaiian Electric Industries from a sell rating to a hold rating in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on shares of Hawaiian Electric Industries from $9.00 to $14.00 and gave the stock an underweight rating in a research report on Monday, August 12th.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $13.38 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.65. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 7.92 and a beta of 0.57. Hawaiian Electric Industries has a twelve month low of $7.61 and a twelve month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results 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 return on equity of 9.58% and a net margin of 5.16%. The company had revenue of $792.30 million during the quarter. The firm’s revenue was down .2% compared to the same quarter last year.

Institutional Trading of Hawaiian Electric Industries

Large investors have recently bought and sold shares of the business. Gladius Capital Management LP lifted its holdings in shares of Hawaiian Electric Industries by 686.9% in the fourth quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,841 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Hawaiian Electric Industries in the first quarter worth $32,000. Cape Investment Advisory Inc. acquired a new stake in Hawaiian Electric Industries in the 4th quarter valued at $43,000. Abich Financial Wealth Management LLC grew its holdings 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 valued at $36,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Hawaiian Electric Industries during the first quarter valued at approximately $42,000. 59.91% of the stock is owned by institutional investors.

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.