Hyman Charles D Has $608,000 Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Hyman Charles D decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,814 shares of the utilities provider’s stock after selling 14,765 shares during the quarter. Hyman Charles D’s holdings in Hawaiian Electric Industries were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HE. AQR Capital Management LLC boosted its position in Hawaiian Electric Industries by 1,470.8% during the third quarter. AQR Capital Management LLC now owns 6,120,053 shares of the utilities provider’s stock worth $75,338,000 after purchasing an additional 5,730,428 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Hawaiian Electric Industries in the fourth quarter valued at approximately $19,015,000. Qube Research & Technologies Ltd raised its stake in shares of Hawaiian Electric Industries by 7,788.3% during the third quarter. Qube Research & Technologies Ltd now owns 1,190,815 shares of the utilities provider’s stock worth $14,659,000 after acquiring an additional 1,175,719 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Hawaiian Electric Industries by 636.1% during the third quarter. Jupiter Asset Management Ltd. now owns 1,209,258 shares of the utilities provider’s stock worth $14,886,000 after acquiring an additional 1,044,978 shares in the last quarter. Finally, Clough Capital Partners L P purchased a new position in shares of Hawaiian Electric Industries during the third quarter worth approximately $6,176,000. Institutional investors own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HE. StockNews.com upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Evercore ISI lifted their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Hawaiian Electric Industries Price Performance

NYSE HE traded down $0.23 during trading hours on Tuesday, reaching $9.87. The company’s stock had a trading volume of 1,747,291 shares, compared to its average volume of 2,451,469. The firm’s 50-day moving average price is $10.93 and its 200-day moving average price is $12.50. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.21. Hawaiian Electric Industries, Inc. has a 1 year low of $8.74 and a 1 year high of $40.16. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 5.45 and a beta of 0.55.

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

Hawaiian Electric Industries 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.