Inspire Investing LLC Sells 10,335 Shares of Hawaiian Electric Industries, Inc. $HE

Inspire Investing LLC trimmed its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,211 shares of the utilities provider’s stock after selling 10,335 shares during the quarter. Inspire Investing LLC’s holdings in Hawaiian Electric Industries were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HE. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 216,114 shares during 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 purchasing an additional 442,504 shares during the last quarter. 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 purchasing an additional 1,274,119 shares during the last quarter. 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 purchasing an additional 85,423 shares during the last quarter. Finally, Mad River Investors boosted its stake in shares of Hawaiian Electric Industries by 910.7% in the 1st quarter. Mad River Investors now owns 1,215,900 shares of the utilities provider’s stock valued at $13,314,000 after purchasing an additional 1,095,600 shares during the last quarter. 59.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HE shares. Barclays dropped their target price 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. Jefferies Financial Group boosted their target price on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a “hold” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.94.

Hawaiian Electric Industries Stock Performance

HE opened at $12.11 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.52. The company’s fifty day moving average price is $11.48 and its two-hundred 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 company has a market cap of $2.09 billion, a price-to-earnings ratio of -11.99 and a beta of 0.69.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm 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%. On average, analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

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.