Hawaiian Electric Industries, Inc. (NYSE:HE) Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,898,429 shares of the utilities provider’s stock after selling 29,403 shares during the period. Vanguard Group Inc. owned 9.89% of Hawaiian Electric Industries worth $154,649,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in Hawaiian Electric Industries in the 4th quarter valued at approximately $19,015,000. Verition Fund Management LLC acquired a new stake in Hawaiian Electric Industries in the fourth quarter worth about $8,944,000. BNP Paribas Financial Markets increased its stake in Hawaiian Electric Industries by 2,854.9% during the 4th quarter. BNP Paribas Financial Markets now owns 580,931 shares of the utilities provider’s stock valued at $8,243,000 after buying an additional 561,271 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hawaiian Electric Industries by 21.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,621,304 shares of the utilities provider’s stock worth $23,006,000 after buying an additional 285,955 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Hawaiian Electric Industries by 1,439.8% in the 4th quarter. International Assets Investment Management LLC now owns 180,867 shares of the utilities provider’s stock worth $2,567,000 after acquiring an additional 169,121 shares during the period. 59.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HE shares. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.63.

Hawaiian Electric Industries Trading Down 0.2 %

Shares of NYSE HE opened at $8.49 on Friday. The business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $11.64. The company has a market cap of $936.45 million, a price-to-earnings ratio of 5.02 and a beta of 0.57. Hawaiian Electric Industries, Inc. has a 12 month low of $8.04 and a 12 month high of $40.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%. The business had revenue of $897.16 million for the quarter.

Hawaiian Electric Industries Company 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.