Hawaiian Electric Industries, Inc. $HE Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,191 shares of the utilities provider’s stock after acquiring an additional 2,877 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Hawaiian Electric Industries worth $2,816,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Zimmer Partners LP grew its position in Hawaiian Electric Industries by 1.4% in the 4th quarter. Zimmer Partners LP now owns 15,202,552 shares of the utilities provider’s stock valued at $147,921,000 after acquiring an additional 202,552 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hawaiian Electric Industries by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,687,636 shares of the utilities provider’s stock valued at $40,380,000 after acquiring an additional 216,114 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Hawaiian Electric Industries by 22.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,398,817 shares of the utilities provider’s stock valued at $23,340,000 after buying an additional 442,504 shares during the period. Two Sigma Investments LP boosted its stake in shares of Hawaiian Electric Industries by 165.6% in the 4th quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider’s stock valued at $19,885,000 after buying an additional 1,274,119 shares during the period. Finally, Eagle Global Advisors LLC boosted its stake in shares of Hawaiian Electric Industries by 7.3% in the 1st quarter. Eagle Global Advisors LLC now owns 1,251,904 shares of the utilities provider’s stock valued at $13,708,000 after buying an additional 85,423 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Trading Down 0.7%

Shares of HE stock opened at $12.10 on Wednesday. The business’s fifty day moving average price is $11.45 and its 200 day moving average price is $10.88. Hawaiian Electric Industries, Inc. has a 1-year low of $8.14 and a 1-year high of $13.41. The firm has a market capitalization of $2.09 billion, a PE ratio of -11.98 and a beta of 0.69. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data 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). Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%.The business had revenue of $746.39 million for the quarter. As a group, sell-side analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HE shares. Jefferies Financial Group lifted their price objective on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a “hold” rating in a research note on Wednesday, May 28th. Barclays decreased their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.