NEW YORK ( TheStreet) -- Hawaiian Electric Industries Inc (NYSE: HE) hit a new 52-week high Thursday as it is currently trading at $26.44, above its previous 52-week high of $26.40 with 890,333 shares traded as of 3:30 p.m. ET. Average volume has been 538,700 shares over the past 30 days.

Hawaiian Electric has a market cap of $2.4 billion and is part of the utilities sector and utilities industry. Shares are up 11.3% year to date as of the close of trading on Wednesday.

Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in the state of Hawaii. The company has a P/E ratio of 20.8, above the average utilities industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hawaiian Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hawaiian Electric Ratings Report.

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