Hawaiian Electric Industries, Inc. (NYSE:HE – Get Free Report) saw unusually large options trading activity on Monday. Traders purchased 14,401 call options on the company. This represents an increase of 54% compared to the typical daily volume of 9,345 call options.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on HE. Wells Fargo & Company reduced their price target on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, Evercore ISI reduced their price target on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 24th.
Read Our Latest Stock Analysis on Hawaiian Electric Industries
Hedge Funds Weigh In On Hawaiian Electric Industries
Hawaiian Electric Industries Stock Performance
NYSE:HE traded up $0.35 during mid-day trading on Monday, hitting $10.10. The stock had a trading volume of 3,507,624 shares, compared to its average volume of 3,395,382. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -0.96 and a beta of 0.54. The company has a 50 day simple moving average of $10.64 and a 200-day simple moving average of $11.16. Hawaiian Electric Industries has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62.
Hawaiian Electric Industries (NYSE:HE – Get Free Report) last released its earnings results on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). The company had revenue of $792.30 million for the quarter. Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The business’s revenue was down .2% on a year-over-year basis.
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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