Teachers Retirement System of The State of Kentucky lowered its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,260 shares of the utilities provider’s stock after selling 1,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hawaiian Electric Industries were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HE. UBS Asset Management Americas Inc. lifted its holdings in Hawaiian Electric Industries by 23.0% during the first quarter. UBS Asset Management Americas Inc. now owns 105,208 shares of the utilities provider’s stock worth $3,504,000 after buying an additional 19,676 shares during the period. Stifel Financial Corp lifted its holdings in Hawaiian Electric Industries by 6.4% during the first quarter. Stifel Financial Corp now owns 16,218 shares of the utilities provider’s stock worth $537,000 after buying an additional 974 shares during the period. SG Americas Securities LLC purchased a new stake in Hawaiian Electric Industries during the first quarter worth $488,000. Credit Agricole S A purchased a new stake in Hawaiian Electric Industries during the first quarter worth $334,000. Finally, United Services Automobile Association purchased a new stake in Hawaiian Electric Industries during the first quarter worth $3,042,000. Institutional investors own 48.49% of the company’s stock.

Shares of Hawaiian Electric Industries, Inc. (HE) opened at 34.67 on Tuesday. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 15.44 and a beta of 0.47. The stock’s 50 day moving average price is $33.72 and its 200 day moving average price is $33.23. Hawaiian Electric Industries, Inc. has a one year low of $28.43 and a one year high of $34.90.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $556.90 million for the quarter, compared to analyst estimates of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Analysts forecast that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current year.

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A number of analysts have weighed in on HE shares. BidaskClub lowered Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, J P Morgan Chase & Co upped their target price on Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has an average rating of “Sell” and an average price target of $31.50.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

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

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