Analyst Rating Update on Hawaiian Electric Industries (HE)

Hawaiian Electric Industries (HE) : The consensus on Hawaiian Electric Industries (HE) based on 3 analyst recommendation on the company stock is 3.67, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Company shares have received an average consensus rating of Hold for the current week


Hawaiian Electric Industries (NYSE:HE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.58 and $30.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.65, notching a gain of 0.46% for the day. The total traded volume was 764,971 . The stock had closed at $30.51 on the previous day.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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