Evanson Asset Management LLC Has $333,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Evanson Asset Management LLC lessened its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,445 shares of the utilities provider’s stock after selling 1,000 shares during the period. Evanson Asset Management LLC’s holdings in Hawaiian Electric Industries were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HE. Quadrature Capital Ltd purchased a new stake in Hawaiian Electric Industries in the third quarter worth $1,670,000. Advisor Partners II LLC lifted its holdings in shares of Hawaiian Electric Industries by 2,321.4% during the 3rd quarter. Advisor Partners II LLC now owns 174,314 shares of the utilities provider’s stock worth $2,146,000 after acquiring an additional 167,115 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Hawaiian Electric Industries during the 3rd quarter valued at about $4,729,000. Swiss National Bank lifted its holdings in shares of Hawaiian Electric Industries by 1.0% in the 3rd quarter. Swiss National Bank now owns 240,900 shares of the utilities provider’s stock worth $2,965,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Numerai GP LLC purchased a new stake in Hawaiian Electric Industries during the third quarter valued at about $1,269,000. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Up 2.5 %

Shares of Hawaiian Electric Industries stock traded up $0.28 during midday trading on Thursday, hitting $11.27. The company had a trading volume of 2,097,370 shares, compared to its average volume of 2,322,334. The company has a 50 day moving average of $12.39 and a 200 day moving average of $12.89. The stock has a market capitalization of $1.24 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.95 and a beta of 0.54. Hawaiian Electric Industries, Inc. has a 52-week low of $9.06 and a 52-week high of $40.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The business had revenue of $961.40 million for the quarter. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Evercore ISI upped their target price on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. Based on data from MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Reduce” and a consensus price target of $11.50.

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.