Treasurer of the State of North Carolina Raises Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Treasurer of the State of North Carolina raised its position in Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,290 shares of the utilities provider’s stock after acquiring an additional 984 shares during the period. Treasurer of the State of North Carolina owned approximately 0.14% of Hawaiian Electric Industries worth $2,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gladius Capital Management LP boosted its position in shares of Hawaiian Electric Industries by 686.9% in the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 1,841 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Hawaiian Electric Industries in the fourth quarter worth about $43,000. GAMMA Investing LLC purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth about $67,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Hawaiian Electric Industries by 38.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,386 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 2,625 shares in the last quarter. Finally, Cowen AND Company LLC purchased a new position in shares of Hawaiian Electric Industries in the 3rd quarter valued at approximately $123,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Trading Down 2.7 %

NYSE HE opened at $10.28 on Friday. The company has a fifty day moving average of $10.65 and a 200 day moving average of $12.16. The company has a market capitalization of $1.13 billion, a PE ratio of 6.08 and a beta of 0.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.11 and a quick ratio of 0.11. Hawaiian Electric Industries, Inc. has a 1 year low of $8.74 and a 1 year high of $40.16.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last issued its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $897.16 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%.

Wall Street Analyst Weigh In

HE has been the subject of a number of research analyst reports. Evercore ISI raised their price target on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Finally, Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, Hawaiian Electric Industries has a consensus rating of “Reduce” and a consensus target price of $11.63.

Get Our Latest Report on Hawaiian Electric Industries

Hawaiian Electric Industries Company Profile

(Free Report)

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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