Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Holdings Cut by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp reduced its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 47.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,964 shares of the utilities provider’s stock after selling 49,935 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Hawaiian Electric Industries were worth $780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Hawaiian Electric Industries during the 4th quarter worth $67,000. CWM LLC lifted its holdings in shares of Hawaiian Electric Industries by 40.0% in the fourth quarter. CWM LLC now owns 10,460 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 2,990 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at $251,000. Hoxton Planning & Management LLC lifted its holdings in shares of Hawaiian Electric Industries by 28.4% in the fourth quarter. Hoxton Planning & Management LLC now owns 18,420 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at $163,000. 59.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HE has been the subject of a number of research analyst reports. Evercore ISI increased 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. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.50.

Hawaiian Electric Industries Trading Down 3.5 %

Hawaiian Electric Industries stock opened at $10.50 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.80 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a one year low of $8.74 and a one year high of $40.16. The company’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $12.63.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company 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 company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, analysts forecast that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share 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.