Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 9.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,788 shares of the utilities provider’s stock after selling 2,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hawaiian Electric Industries were worth $295,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFM Investors Pty Ltd increased its holdings in shares of Hawaiian Electric Industries by 8.5% in the third quarter. IFM Investors Pty Ltd now owns 14,717 shares of the utilities provider’s stock valued at $181,000 after buying an additional 1,159 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Hawaiian Electric Industries by 3.8% during the third quarter. Gamco Investors INC. ET AL now owns 47,800 shares of the utilities provider’s stock worth $588,000 after purchasing an additional 1,742 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Hawaiian Electric Industries by 13.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,100 shares of the utilities provider’s stock valued at $214,000 after purchasing an additional 1,820 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Hawaiian Electric Industries by 2.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 88,502 shares of the utilities provider’s stock valued at $1,089,000 after purchasing an additional 1,976 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Hawaiian Electric Industries by 21.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,269 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 2,010 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

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

Hawaiian Electric Industries Trading Up 3.0 %

Shares of NYSE HE opened at $10.44 on Monday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 1.21. Hawaiian Electric Industries, Inc. has a one year low of $8.74 and a one year high of $40.16. The business has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $12.53. The firm has a market capitalization of $1.15 billion, a PE ratio of 5.77 and a beta of 0.55.

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 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 business had revenue of $961.40 million during the quarter. During the same period last year, the company earned $0.52 earnings per share. Hawaiian Electric Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, analysts predict that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share for the current fiscal year.

About Hawaiian Electric Industries

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.