On Wednesday, shares of Hawaiian Electric Industries, Inc. (NYSE:HE) marked $36.14 per share versus a previous $36.06 closing price. With having a 0.22% gain, an insight into the fundamental values of Hawaiian Electric Industries, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. HE showed a fall of -22.88% within its YTD performance, with highs and lows between $33.51 – $55.15 during the period of 52 weeks, compared to the simple moving average of -16.64% in the period of the last 200 days.
Wells Fargo equity researchers changed the status of Hawaiian Electric Industries, Inc. (NYSE: HE) shares from “Equal Weight” to a “Underweight” rating in the report published on January 9th, 2020. Other analysts, including Guggenheim, also published their reports on HE shares. Guggenheim repeated the rating from the previous report, marking HE under “Neutral” rating, in the report published on January 8th, 2020. Additionally, HE shares got another “Underweight” rating from JP Morgan, setting a target price of $38 on the company’s shares, according to the report published in August 9th, 2019. On the other hand, BofA/Merrill Upgrade the “Neutral” rating for HE shares, as published in the report on July 2nd, 2018. BofA/Merrill seems to be going bullish on the price of HE shares, based on the price prediction for HE, indicating that the shares will jump to $34, giving the shares “Underperform” rating based on their report from October 24th, 2017. Another “Market Perform” rating came from Wells Fargo.
The present dividend yield for HE owners is set at 0.04, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 2.40%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Hawaiian Electric Industries, Inc. (HE) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 9.10% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while HE is currently recording an average of 553.53K in volumes. The volatility of the stock on monthly basis is set at 2.88%, while the weekly volatility levels are marked at 1.99%with 1.80% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $35.20, indicating growth from the present price of $36.14, which can represent yet another valuable research and analysis points that can help you decide whether to invest in HE or pass.
Hawaiian Electric Industries, Inc. (HE) is based in the USA and it represents one of the well-known company operating with Utilities sector. If you wish to compare HE shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 20.13 for Hawaiian Electric Industries, Inc., while the value 18.51 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.80 is supported by the yearly EPS growth of 8.30%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.20%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 56.40% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in HE Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in HE in the recent period. That is how The Vanguard Group, Inc. now has an increase position in HE by 1.96% in the first quarter, owning 11.78 million shares of HE stocks, with the value of $464.89 million after the purchase of an additional 226,575 shares during the last quarter. In the meanwhile, SSgA Funds Management, Inc. also increased their stake in HE shares changed 2.55% in the first quarter, which means that the company now owns 3.41 million shares of company, all valued at $134.75 million after the acquisition of additional 84,854 shares during the last quarter.
ValueAct Capital Management LP acquired a new position in Hawaiian Electric Industries, Inc. during the first quarter, with the value of $128.11 million, and Wells Capital Management, Inc. increased their stake in the company’s shares by 11.41% in the first quarter, now owning 300,107 shares valued at $115.66 million after the acquisition of the additional 2.93 million shares during the last quarter. In the end, Acadian Asset Management LLC increased their position by 7.54% during the first quarter, now owning 2.02 million HE shares, now holding the value of $79.66 million in HE with the purchase of the additional 196,552 shares during the period of the last quarter. At the present, 56.40% of HE shares are in the ownership of institutional investors.