2 weeks Ago By Defense World Staff
Headlands Technologies LLC lessened its stake in shares of Hawaiian Electric Industries, Inc. ( NYSE:HE – Free Report ) by 69.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 6,033 shares of the utilities provider’s stock after selling 13,674 shares during the period. Headlands Technologies LLC’s holdings in Hawaiian Electric Industries were worth $54,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also recently made changes to their positions in HE.
Vanguard Group Inc. increased its holdings in shares of Hawaiian Electric Industries by 1.5% in the 1st quarter.
Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock worth $124,638,000 after buying an additional 160,815 shares during the last quarter. Charles Schwab Investment Management Inc.
raised its position in Hawaiian Electric Industries by 21.4% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,621,304 shares of the utilities provider’s stock valued at $23,006,000 after purchasing an additional 285,955 shares during the period. Bank of New York Mellon Corp raised its position in Hawaiian Electric Industries by 23.2% during the second quarter.
Bank of New York Mellon Corp now owns 638,156 shares of the utilities provider’s stock valued at $5,756,000 after purchasing an additional 120,208 shares during the period. Verition Fund Management LLC bought a new stake in shares of Hawaiian Electric Industries in the 4th quarter valued at approximately $8,944,000. Finally, Panagora Asset Management Inc.
increased its position in shares of Hawaiian Electric Industries by 716.5% during the 2nd quarter. Panagora Asset Management Inc.
now owns 187,690 shares of the utilities provider’s stock valued at $1,693,000 after purchasing an additional 164,702 shares during the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.
Analyst Ratings Changes A number of brokerages recently issued reports on HE. Wells Fargo & Company upgraded 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 cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Evercore ISI reissued an “in-line” rating and issued a $16.
00 price objective on shares of Hawaiian Electric Industries in a research report on Wednesday, August 14th. Hawaiian Electric Industries Stock Performance HE stock opened at $12.23 on Tuesday.
The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 7.24 and a beta of 0.
55. Hawaiian Electric Industries, Inc. has a twelve month low of $7.
61 and a twelve month high of $18.19. The company has a quick ratio of 0.
11, a current ratio of 0.11 and a debt-to-equity ratio of 2.62.
The business’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $11.39.
Hawaiian Electric Industries ( NYSE:HE – Get Free Report ) last posted its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.
49 by ($0.05). The company had revenue of $792.
30 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.
76%. The company’s quarterly revenue was down .2% on a year-over-year basis.
Hawaiian Electric Industries Company 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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