Hawaiian Electric Industries (NYSE:HE) Given New $11.00 Price Target at Evercore ISI

Hawaiian Electric Industries (NYSE:HE) had its price target upped by Evercore ISI from $9.00 to $11.00 in a research report released on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the utilities provider’s stock.

A number of other analysts also recently weighed in on HE. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Wells Fargo & Company dropped their target price on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a report on Monday, September 30th.

Hawaiian Electric Industries Stock Performance

Shares of HE opened at $9.85 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries has a 52-week low of $7.61 and a 52-week high of $18.19. The firm has a 50-day moving average price of $10.34 and a 200 day moving average price of $11.14.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data 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). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The business had revenue of $983.38 million during the quarter. During the same period last year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Hedge Funds Weigh In On Hawaiian Electric Industries

A number of large investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new stake in shares of Hawaiian Electric Industries during the 1st quarter worth about $32,000. Abich Financial Wealth Management LLC boosted its position in shares of Hawaiian Electric Industries by 54.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,137 shares during the period. KBC Group NV boosted 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 during the period. UMB Bank n.a. purchased a new position in Hawaiian Electric Industries in the 3rd quarter valued at approximately $42,000. Finally, Signaturefd LLC lifted its position in shares of Hawaiian Electric Industries by 30.8% during the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,986 shares during the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

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.