Cwm LLC Has $148,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Cwm LLC grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 40.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,460 shares of the utilities provider’s stock after purchasing an additional 2,990 shares during the period. Cwm LLC’s holdings in Hawaiian Electric Industries were worth $148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in Hawaiian Electric Industries by 38.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,386 shares of the utilities provider’s stock valued at $116,000 after buying an additional 2,625 shares during the last quarter. Cowen AND Company LLC acquired a new position in Hawaiian Electric Industries during the third quarter worth approximately $123,000. Vanguard Personalized Indexing Management LLC raised its stake in Hawaiian Electric Industries by 21.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,269 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,010 shares during the period. Marathon Trading Investment Management LLC acquired a new stake in shares of Hawaiian Electric Industries in the third quarter valued at approximately $159,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Hawaiian Electric Industries during the 4th quarter worth approximately $163,000. 59.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HE shares. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Evercore ISI upped their price target on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Hawaiian Electric Industries Stock Up 3.0 %

HE opened at $10.44 on Monday. The stock has a fifty day moving average of $11.03 and a 200-day moving average of $12.53. The company has a market capitalization of $1.15 billion, a P/E ratio of 5.77 and a beta of 0.55. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.74 and a fifty-two week high of $40.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The firm had revenue of $961.40 million during the quarter. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.98 EPS for the current 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.