GAMMA Investing LLC Has $274,000 Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

GAMMA Investing LLC trimmed its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 12.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 28,131 shares of the utilities provider’s stock after selling 3,974 shares during the period. GAMMA Investing LLC’s holdings in Hawaiian Electric Industries were worth $274,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HE. Franklin Resources Inc. lifted its position in Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock worth $27,499,000 after buying an additional 2,362,863 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new stake in Hawaiian Electric Industries during the third quarter valued at $184,000. Sanctuary Advisors LLC purchased a new position in Hawaiian Electric Industries in the third quarter valued at about $112,000. Virtu Financial LLC acquired a new position in Hawaiian Electric Industries in the 3rd quarter worth about $821,000. Finally, Geode Capital Management LLC raised its stake in shares of Hawaiian Electric Industries by 49.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider’s stock worth $36,725,000 after purchasing an additional 1,253,143 shares in the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Price Performance

Shares of Hawaiian Electric Industries stock opened at $9.09 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $11.08. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -0.77 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The firm had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Hawaiian Electric Industries’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. On average, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI lowered their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Tuesday, November 19th. Wells Fargo & Company cut their price target on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a report on Monday, September 30th. StockNews.com cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group cut their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a report on Friday, January 3rd.

Read Our Latest Report on HE

Hawaiian Electric Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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