Stocks of Hawaiian Electric Industries, Inc. (NYSE:HE) traded higher last session on Wall Street, down -4.30% to $11.14.
HE stock price is now -9.82% away from the 50-day moving average and -8.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.23B.
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With the price target enhanced from $8 to $8.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Hawaiian Electric Industries, Inc. (NYSE: HE). On August 18, 2023, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $25 to quote $8, while ‘BofA Securities’ rates the stock as ‘Underperform’
A total of 0.45% of the company’s stock is owned by insiders.
During the past 12 months, Hawaiian Electric Industries, Inc. has had a low of $7.61 and a high of $18.19. As of last week, the company has a debt-to-equity ratio of 3.48, a current ratio of 3.69, and a quick ratio of 3.69. The fifty day moving average price for HE is $12.3698 and a two-hundred day moving average price translates $12.2073 for the stock.
The latest earnings results from Hawaiian Electric Industries, Inc. (NYSE: HE) was released for 2024-06-30. The net profit margin was -31.81% and return on equity was -68.26% for HE. The company reported revenue of $897.36 million for the quarter, compared to $895.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.19 percent.
Hawaiian Electric Industries, Inc.(HE) Company Profile
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. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Bank segment operates a federally chartered savings bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
