1 week Ago By ABMN Staff
StockNews.com lowered shares of Hawaiian Electric Industries ( NYSE:HE – Free Report ) from a hold rating to a sell rating in a research note released on Friday morning. A number of other research analysts also recently issued reports on HE.
Jefferies Financial Group assumed coverage on shares of Hawaiian Electric Industries in a research report on Tuesday, December 3rd. They issued a “hold” rating and a $11.50 price target on the stock.
Evercore ISI dropped their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Tuesday, November 19th.
Finally, Wells Fargo & Company decreased their price target on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a report on Monday, September 30th.
Check Out Our Latest Report on HE Hawaiian Electric Industries Stock Performance Hawaiian Electric Industries ( NYSE:HE – Get Free Report ) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.
53 by ($0.07). The company had revenue of $983.
38 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.
12%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis.
During the same period last year, the firm posted $0.37 earnings per share. Sell-side analysts expect that Hawaiian Electric Industries will post 1.
71 EPS for the current year. Institutional Trading of Hawaiian Electric Industries Several hedge funds have recently modified their holdings of the stock. KBC Group NV increased its position in Hawaiian Electric Industries by 34.
8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,021 shares in the last quarter. UMB Bank n.
a. bought a new position in Hawaiian Electric Industries during the 3rd quarter valued at $42,000. Quarry LP lifted its position in shares of Hawaiian Electric Industries by 156.
6% during the third quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 2,748 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth approximately $55,000.
Finally, Quest Partners LLC boosted its position in Hawaiian Electric Industries by 126.1% in the third quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 4,453 shares during the last quarter.
Institutional investors own 59.91% of the company’s stock. Hawaiian Electric Industries Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Hawaiian Electric Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries and related companies with MarketBeat.
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