Canada Pension Plan Investment Board Trims Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Canada Pension Plan Investment Board lessened its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 41.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,500 shares of the utilities provider’s stock after selling 160,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Hawaiian Electric Industries were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its holdings in Hawaiian Electric Industries by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 159,290 shares of the utilities provider’s stock valued at $2,260,000 after acquiring an additional 984 shares during the last quarter. TFO Wealth Partners LLC lifted its position in Hawaiian Electric Industries by 1,735,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 17,352 shares of the utilities provider’s stock worth $246,000 after buying an additional 17,351 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Hawaiian Electric Industries in the 4th quarter worth about $235,000. Bank of Nova Scotia purchased a new stake in Hawaiian Electric Industries in the 4th quarter valued at about $1,202,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at about $643,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analysts Set New Price Targets

HE has been the subject of a number of recent analyst reports. Wells Fargo & Company raised shares of Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 price target for the company in a research report on Friday, August 23rd. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Evercore ISI reduced their target price on Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating on the stock in a report on Tuesday.

Hawaiian Electric Industries Trading Down 1.3 %

NYSE HE opened at $9.85 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 5.83 and a beta of 0.55. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.11 and a current ratio of 0.11. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The company’s 50 day moving average price is $13.09 and its 200 day moving average price is $11.35.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The business had revenue of $792.30 million during the quarter. The company’s quarterly revenue was down .2% on a year-over-year basis.

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.