Valeo Financial Advisors LLC Makes New $163,000 Investment in Hawaiian Electric Industries, Inc. (NYSE:HE)

Valeo Financial Advisors LLC bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,470 shares of the utilities provider’s stock, valued at approximately $163,000.

Several other large investors also recently added to or reduced their stakes in HE. Raymond James & Associates grew its position in Hawaiian Electric Industries by 7.5% in the first quarter. Raymond James & Associates now owns 15,301 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 1,065 shares in the last quarter. American Century Companies Inc. grew its stake in Hawaiian Electric Industries by 17.8% in the 1st quarter. American Century Companies Inc. now owns 15,808 shares of the utilities provider’s stock valued at $669,000 after buying an additional 2,388 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Hawaiian Electric Industries in the 1st quarter valued at $465,000. Bank of Montreal Can grew its stake in Hawaiian Electric Industries by 3.0% in the 1st quarter. Bank of Montreal Can now owns 13,673 shares of the utilities provider’s stock valued at $584,000 after buying an additional 403 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hawaiian Electric Industries in the 1st quarter valued at $757,000. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Performance

NYSE HE opened at $9.52 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.26 and a beta of 0.53. The company’s fifty day moving average is $11.80 and its two-hundred day moving average is $12.72. Hawaiian Electric Industries, Inc. has a 52-week low of $8.74 and a 52-week high of $40.16.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The company 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 business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.98 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on HE shares. Evercore ISI raised their target price 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. StockNews.com upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of “Hold” and an average price target of $11.50.

Hawaiian Electric Industries 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.