Atlas Wealth Partners LLC Acquires Shares of 17,850 Hawaiian Electric Industries, Inc. $HE

Atlas Wealth Partners LLC acquired a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,850 shares of the utilities provider’s stock, valued at approximately $190,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Hawaiian Electric Industries by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 609,783 shares of the utilities provider’s stock valued at $6,482,000 after buying an additional 33,497 shares during the last quarter. Burney Co. bought a new position in shares of Hawaiian Electric Industries in the second quarter valued at about $132,000. Versor Investments LP bought a new position in shares of Hawaiian Electric Industries in the second quarter valued at about $118,000. Simon Quick Advisors LLC bought a new position in shares of Hawaiian Electric Industries in the second quarter valued at about $157,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Hawaiian Electric Industries by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 26,142 shares of the utilities provider’s stock valued at $278,000 after buying an additional 1,005 shares during the last quarter. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Price Performance

Shares of HE stock opened at $11.59 on Wednesday. The stock has a 50-day moving average price of $11.72 and a 200 day moving average price of $11.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -11.48 and a beta of 0.66. Hawaiian Electric Industries, Inc. has a 12 month low of $8.14 and a 12 month high of $13.41.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The firm had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

HE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hawaiian Electric Industries in a report on Wednesday, October 8th. Barclays lowered their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Finally, Jefferies Financial Group upgraded Hawaiian Electric Industries to a “hold” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus target price of $11.94.

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.