KLP Kapitalforvaltning AS Has $770,000 Stock Holdings in Hawaiian Electric Industries, Inc. $HE

KLP Kapitalforvaltning AS trimmed its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,400 shares of the utilities provider’s stock after selling 1,700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hawaiian Electric Industries were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in Hawaiian Electric Industries by 379.3% in the 1st quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider’s stock valued at $27,000 after buying an additional 2,037 shares in the last quarter. Farther Finance Advisors LLC increased its position in Hawaiian Electric Industries by 3,797.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider’s stock valued at $38,000 after buying an additional 3,380 shares in the last quarter. US Bancorp DE increased its position in Hawaiian Electric Industries by 51.2% in the 1st quarter. US Bancorp DE now owns 4,293 shares of the utilities provider’s stock valued at $47,000 after buying an additional 1,453 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Hawaiian Electric Industries in the 2nd quarter valued at about $47,000. Finally, Byrne Asset Management LLC increased its position in Hawaiian Electric Industries by 28.1% in the 2nd quarter. Byrne Asset Management LLC now owns 4,981 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,094 shares in the last quarter. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Price Performance

Shares of NYSE HE opened at $11.28 on Friday. Hawaiian Electric Industries, Inc. has a twelve month low of $8.14 and a twelve month high of $13.41. The stock’s 50 day moving average price is $11.68 and its 200-day moving average price is $10.93. The company has a market capitalization of $1.95 billion, a PE ratio of -11.17 and a beta of 0.66. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

Hawaiian Electric Industries (NYSE:HE) last announced 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). 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 during the quarter. On average, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

HE has been the subject of a number of research analyst reports. Barclays decreased their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Jefferies Financial Group raised Hawaiian Electric Industries to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Hawaiian Electric Industries in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hawaiian Electric Industries has a consensus rating of “Hold” and an average 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.