US Bancorp DE lessened its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report) by 26.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,500 shares of the utilities provider’s stock after selling 5,609 shares during the period. US Bancorp DE’s holdings in Hawaiian Electric Industries were worth $150,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Hawaiian Electric Industries in the 1st quarter worth about $32,000. Abich Financial Wealth Management LLC grew its position in Hawaiian Electric Industries by 54.4% in the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,137 shares in the last quarter. UMB Bank n.a. bought a new stake in Hawaiian Electric Industries during the third quarter worth approximately $42,000. Signaturefd LLC raised its position in Hawaiian Electric Industries by 30.8% during the second quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 1,986 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Hawaiian Electric Industries by 82.3% in the 2nd quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 4,308 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Evercore ISI boosted their price objective on shares of Hawaiian Electric Industries from $9.00 to $11.00 and gave the company an “in-line” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lowered their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a report on Monday, September 30th.
Hawaiian Electric Industries Trading Up 4.4 %
HE opened at $10.28 on Friday. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.11 and a current ratio of 0.18. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -0.87 and a beta of 0.53. The stock’s 50 day moving average price is $10.31 and its 200-day moving average price is $11.13.
Hawaiian Electric Industries (NYSE:HE – Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The business had revenue of $983.38 million during the quarter. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year.
Hawaiian Electric Industries Company Profile
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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