Susquehanna Portfolio Strategies LLC Sells 40,836 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Susquehanna Portfolio Strategies LLC lowered its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 78.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,124 shares of the utilities provider’s stock after selling 40,836 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Hawaiian Electric Industries were worth $100,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Hawaiian Electric Industries during the 1st quarter worth approximately $32,000. Abich Financial Wealth Management LLC increased its stake in Hawaiian Electric Industries by 54.4% in the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 1,137 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Hawaiian Electric Industries in the 1st quarter valued at $42,000. Signaturefd LLC raised its stake in Hawaiian Electric Industries by 30.8% during the second quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 1,986 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Hawaiian Electric Industries by 82.3% during the 2nd quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 4,308 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock opened at $9.95 on Monday. The business has a fifty day moving average price of $12.94 and a 200-day moving average price of $11.34. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The firm has a market capitalization of $1.10 billion, a P/E ratio of 5.89 and a beta of 0.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.11 and a quick ratio of 0.11.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The company had revenue of $792.30 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. Hawaiian Electric Industries’s revenue was down .2% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised shares of Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock in a research report on Friday, August 23rd. Finally, Evercore ISI dropped their price objective on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 24th.

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.