Market Overview

UPDATE: Gabelli & Company Initiates Hawaiian Electric Industries at Hold

Related HE
Hawaiian Electric Industries Beats on Q2 Earnings
UPDATE: Hawaiian Electric Q2 Profit Tops Street View

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

DateFirmActionFromTo
Sep 2014ISI GroupUpgradesCautiousNeutral
Sep 2014Wells FargoReiteratesOutperform
Jul 2014JP MorganMaintainsNeutral

View More Analyst Ratings for HE
View the Latest Analyst Ratings

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

 

Related Articles (HE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters