Hawaiian Electric Industries, Inc. $HE Stock Holdings Boosted by US Bancorp DE

US Bancorp DE lifted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 51.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,293 shares of the utilities provider’s stock after acquiring an additional 1,453 shares during the period. US Bancorp DE’s holdings in Hawaiian Electric Industries were worth $47,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Hawaiian Electric Industries by 379.3% in the first quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 2,037 shares during the period. Farther Finance Advisors LLC lifted its holdings in Hawaiian Electric Industries by 3,797.8% in the first quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 3,380 shares during the period. Comerica Bank lifted its holdings in Hawaiian Electric Industries by 69.3% in the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 1,715 shares during the period. Byrne Asset Management LLC lifted its holdings in Hawaiian Electric Industries by 34.0% in the first quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 987 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Hawaiian Electric Industries by 816.0% in the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 4,651 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

Shares of HE opened at $11.4450 on Wednesday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -11.33 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $13.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $10.81 and its 200-day moving average is $10.61.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The business had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. Equities research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HE. Wall Street Zen raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Barclays dropped their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Jefferies Financial Group boosted their price target on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus target price of $11.94.

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.