Market Overview

UPDATE: Gabelli & Company Initiates Hawaiian Electric Industries at Hold

Related HE
Benzinga's Top Downgrades
NextEra Energy, Hawaiian Electric Provide Additional Details on Merger Plans

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

Nov 2015Wells FargoDowngradesOutperformMarket Perform
Jun 2015MacquarieMaintainsNeutral
Apr 2015BarclaysDowngradesEqual-weightUnderweight

View More Analyst Ratings for HE
View the Latest Analyst Ratings

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


Related Articles (HE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters