Public Employees Retirement System of Ohio Has $587,000 Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Public Employees Retirement System of Ohio decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,695 shares of the utilities provider’s stock after selling 3,922 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hawaiian Electric Industries were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Hawaiian Electric Industries by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 28,973 shares of the utilities provider’s stock valued at $1,004,000 after purchasing an additional 264 shares during the last quarter. Bank of Montreal Can grew its position in Hawaiian Electric Industries by 3.0% during the first quarter. Bank of Montreal Can now owns 13,673 shares of the utilities provider’s stock worth $584,000 after buying an additional 403 shares in the last quarter. Ameriprise Financial Inc. grew its position in Hawaiian Electric Industries by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 185,720 shares of the utilities provider’s stock worth $7,132,000 after buying an additional 514 shares in the last quarter. Captrust Financial Advisors grew its position in Hawaiian Electric Industries by 6.7% during the fourth quarter. Captrust Financial Advisors now owns 10,541 shares of the utilities provider’s stock worth $441,000 after buying an additional 658 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in Hawaiian Electric Industries by 6.4% during the second quarter. Natixis Advisors L.P. now owns 13,093 shares of the utilities provider’s stock worth $474,000 after buying an additional 786 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Up 1.2 %

NYSE HE opened at $10.99 on Thursday. The business has a fifty day moving average price of $12.39 and a two-hundred day moving average price of $12.89. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. Hawaiian Electric Industries, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $40.16. The stock has a market capitalization of $1.21 billion, a PE ratio of 6.07, a PEG ratio of 0.96 and a beta of 0.54.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last released its earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The firm had revenue of $961.40 million during the quarter. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Hawaiian Electric Industries

Hawaiian Electric Industries 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.

Further Reading

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

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