Hawaiian Electric Reaches New 52-Week High (HE)

NEW YORK ( TheStreet) -- Hawaiian Electric Industries (NYSE: HE) hit a new 52-week high Thursday as it is currently trading at $28.47, above its previous 52-week high of $28.43 with 347,216 shares traded as of 3:40 p.m. ET. Average volume has been 437,700 shares over the past 30 days.

Hawaiian Electric has a market cap of $2.73 billion and is part of the utilities sector and utilities industry. Shares are up 3.8% 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 Hawaii. The company has a P/E ratio of 18.2, below the average utilities industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hawaiian Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hawaiian Electric Ratings Report.

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