Hawaiian Electric Industries, Inc. (NYSE:HE) Position Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,695 shares of the utilities provider’s stock after selling 3,922 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hawaiian Electric Industries were worth $587,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Hawaiian Electric Industries by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 37,398 shares of the utilities provider’s stock worth $460,000 after buying an additional 4,577 shares during the last quarter. Comerica Bank bought a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth about $40,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth about $1,320,000. Morgan Stanley lifted its position in shares of Hawaiian Electric Industries by 240.3% in the 3rd quarter. Morgan Stanley now owns 2,211,650 shares of the utilities provider’s stock worth $27,225,000 after buying an additional 1,561,737 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Hawaiian Electric Industries by 16.7% in the 3rd quarter. Schroder Investment Management Group now owns 16,540 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 2,365 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI lifted their price objective on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat, Hawaiian Electric Industries presently has an average rating of “Reduce” and an average price target of $11.50.

Hawaiian Electric Industries Trading Up 1.2 %

Shares of NYSE:HE opened at $10.99 on Thursday. The company has a market cap of $1.21 billion, a PE ratio of 6.07, a P/E/G ratio of 0.96 and a beta of 0.54. The company’s 50-day moving average price is $12.39 and its 200 day moving average price is $12.89. Hawaiian Electric Industries, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $40.16. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.21.

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