Market Overview

UPDATE: Gabelli & Company Initiates Hawaiian Electric Industries at Hold

Related HE
Hawaiian Electric Industries Shareholders Approve Merger with NextEra Energy
Benzinga's Top Downgrades
Hanwei Announces First Quarter Fiscal 2016 Financial Results Conference Call Notification (GuruFocus)

Gabelli & Company initiated coverage on Hawaiian Electric Industries (NYSE: HE) with a Hold rating.

Gabelli & Company noted, "We regard HE as an improving utility story complimented by a high quality bank. Driven by more constructive rate treatment of growing infrastructure investment, we expect above-average utility earnings growth. Our 2012, 2013, and 2014 earnings estimates are $1.60, $1.70, and $1.85 per share, respectively."

Hawaiian Electric Industries closed at $25.32 on Wednesday.

Latest Ratings for HE

Jun 2015MacquarieMaintainsNeutral
Apr 2015BarclaysDowngradesEqual-weightUnderweight
Nov 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for HE
View the Latest Analyst Ratings

Posted-In: Gabelli & CompanyAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (HE)

Get Benzinga's Newsletters