Worth Watching: A Reversal for Hawaiian Electric Industries, Inc. Is Not Near. The Stock Declines Again

Worth Watching: A Reversal for Hawaiian Electric Industries, Inc. Is Not Near. The Stock Declines Again

The stock of Hawaiian Electric Industries, Inc. (NYSE:HE) is a huge mover today! The stock decreased 1.94% or $0.59 during the last trading session, hitting $29.85. About 719,086 shares traded hands or 33.33% up from the average. Hawaiian Electric Industries, Inc. (NYSE:HE) has risen 1.67% since February 29, 2016 and is uptrending. It has underperformed by 8.76% the S&P500.
The move comes after 9 months negative chart setup for the $3.21B company. It was reported on Oct, 1 by Barchart.com. We have $27.46 PT which if reached, will make NYSE:HE worth $256.80M less.

Analysts await Hawaiian Electric Industries, Inc. (NYSE:HE) to report earnings on November, 3. They expect $0.48 earnings per share, down 2.04% or $0.01 from last year’s $0.49 per share. HE’s profit will be $51.62M for 15.55 P/E if the $0.48 EPS becomes a reality. After $0.43 actual earnings per share reported by Hawaiian Electric Industries, Inc. for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Hawaiian Electric Industries, Inc. (NYSE:HE) Ratings Coverage

Out of 3 analysts covering Hawaiian Electric Industries (NYSE:HE), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Hawaiian Electric Industries has been the topic of 5 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, November 20. As per Friday, March 18, the company rating was maintained by Barclays Capital. The company was downgraded on Friday, August 28 by Zacks. The firm has “Sell” rating given on Friday, August 14 by Zacks.

According to Zacks Investment Research, “Hawaiian Electric Industries, Inc. is a holding company with subsidiaries engaged in the electric utility, savings bank, freight transportation, real estate development and other businesses, primarily in the State of Hawaii, and in the pursuit of independent power projects in Asia and the Pacific.”

Insitutional Activity: The institutional sentiment increased to 1.58 in 2016 Q2. Its up 0.15, from 1.43 in 2016Q1. The ratio is positive, as 13 funds sold all Hawaiian Electric Industries, Inc. shares owned while 51 reduced positions. 22 funds bought stakes while 79 increased positions. They now own 43.48 million shares or 0.86% less from 43.85 million shares in 2016Q1.
Retirement Systems Of Alabama accumulated 0.03% or 139,174 shares. First Republic Inv Management accumulated 15,913 shares or 0.01% of the stock. Osborne Prtnrs Capital Management Ltd Com has invested 0.05% of its portfolio in Hawaiian Electric Industries, Inc. (NYSE:HE). Arizona State Retirement has invested 0.02% of its portfolio in Hawaiian Electric Industries, Inc. (NYSE:HE). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Hawaiian Electric Industries, Inc. (NYSE:HE) for 3,149 shares. Barclays Public Limited reported 166,814 shares or 0.01% of all its holdings. Aqr Cap Limited Com has 19,664 shares for 0% of their US portfolio. Klingenstein Fields And Limited Liability Company, a New York-based fund reported 6,115 shares. Next Finance Grp Inc has 460 shares for 0% of their US portfolio. Parkwood Limited has invested 0.08% of its portfolio in Hawaiian Electric Industries, Inc. (NYSE:HE). Bank & Trust Of America Corporation De, a North Carolina-based fund reported 159,688 shares. The Massachusetts-based American Invest Service has invested 0.47% in Hawaiian Electric Industries, Inc. (NYSE:HE). Aperio Limited Liability Corp last reported 218,327 shares in the company. Assetmark holds 530 shares or 0% of its portfolio. American Grp Inc Inc accumulated 209,008 shares or 0% of the stock.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 4 sales for $2.20 million net activity. $480,249 worth of Hawaiian Electric Industries, Inc. (NYSE:HE) was sold by Richardson Chester A on Thursday, August 25. $452,536 worth of Hawaiian Electric Industries, Inc. (NYSE:HE) was sold by TANIGUCHI BARRY K. 7,000 shares were sold by FARGO THOMAS B, worth $214,205. MYERS A MAURICE had sold 34,500 shares worth $1.05M.

More notable recent Hawaiian Electric Industries, Inc. (NYSE:HE) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Hawaiian Electric Industries, AFLAC and Primerica” on August 18, 2016, also Nasdaq.com with their article: “Hawaiian Electric Industries (HE) Shares Cross Above 200 DMA” published on September 22, 2016, Bizjournals.com published: “Hawaiian Electric Industries, American Savings Bank board member retiring” on September 26, 2016. More interesting news about Hawaiian Electric Industries, Inc. (NYSE:HE) were released by: Prnewswire.com and their article: “Statement From Hawaiian Electric Industries” published on July 20, 2016 as well as Bloomberg.com‘s news article titled: “NextEra Hawaiian Electric Pursuit Dims as Oncor Back on Market” with publication date: May 24, 2016.

HE Company Profile

Hawaiian Electric Industries, Inc. (HEI), incorporated in 1981, is a holding firm with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s divisions include Electric utility, Bank and Other. The Firm operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Firm operates its Bank segment through its banking subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB).

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